On October 12, the UK Department for Business, Energy and Industrial Strategy (BEIS) published two guidance notes relating to trading in energy should the UK leave the EU without agreement (No-Deal Brexit). One guidance note focuses on gas and the other relates to electricity.

The guidance notes are part of a series of technical notices that aim to provide information to UK businesses and citizens on how to prepare for a No-Deal Brexit. This describes the situation in which the UK and the EU fail to conclude a draft withdrawal agreement by the time of the UK’s exit from the EU on March 29, 2019, and would mean that there would be no implementation period—currently intended to run from March 30, 2019 to December 31, 2020.
Continue Reading UK Government Publishes Guidance on Trading Energy After a No-Deal Brexit

On June 17, the Agency for the Cooperation of Energy Regulators (ACER) published a fourth edition of its guidance (Guidance) on the application of the EU regulation on wholesale energy market integrity and transparency (REMIT). In particular, the Guidance focuses on Article 15 of REMIT, which requires persons professionally arranging transactions (PPATs) in wholesale energy

On June 17, the European Securities and Markets Authority (ESMA) issued an opinion (Opinion) in relation to implementing technical standards (ITS) on the public disclosure of inside information under the EU Market Abuse Regulation (MAR). The ITS were originally submitted to the European Commission (Commission) for approval in September 2015.
Continue Reading ESMA Issues Opinion on MAR Implementing Technical Standards on Disclosure of Inside Information