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AFME, CMCE, Europex, FESE, FIA, FIA EPTA and ISDA (‘The Associations’), representing a wide range of market participants (e.g. energy firms, trading venues, banks and other market participants) in wholesale energy markets, are writing to you ahead of the upcoming trilogue meetings on the review of the Regulation of Wholesale Energy Market Integrity and Transparency (REMIT) and the supervision of third country firms.
We stand ready to help ACER and National Regulatory Authorities (NRAs) to ensure that they are able to obtain the necessary information from third-country firms to effectively supervise European energy markets. We are strongly convinced that it is disproportionate to require third-country firms to declare an office in the EU from which they carry out their principal activities, as proposed by the European Parliament in their agreement on Article 9.
