The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) aims to prevent and protect consumers and businesses against market abuse in the European electricity and gas markets. The rules were revised in May 2024 to ensure they keep pace with evolving market dynamics.
In April 2024, ACER addressed several questions from stakeholders to help them comply with their reporting obligations under the revised REMIT, before it entered into force.
As a follow up, ACER now clarifies (in an open letter) the obligations for market participants to notify National Regulatory Authorities (NRAs) and ACER on their usage of algorithmic trading and direct electronic access.
Why is the open letter relevant?
Today’s open letter provides examples on which activities fall under the new notification obligations for algorithmic trading and therefore helps market participants comply with the revised REMIT (Article 5a).
These notifications will reinforce regulatory oversight, ensure market transparency, and help manage risks associated with these advanced trading methods.
ACER invites market participants to review both open letters and ensure they meet the new obligations.
