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Q&As on REMIT – Question II.3.3.

Who is considered an insider?


Answer:

According to Article 3(2) of REMIT, the prohibition of insider trading applies to the following persons who possess inside information in relation to a wholesale energy products (insider):

• members of the administrative, management or supervisory bodies of an undertaking;

• persons with holdings in the capital of an undertaking;

• persons with access to the information through the exercise of their employment, profession or duties;

• persons who have acquired such information through criminal activity; and

• persons who know, or ought to know, that it is inside information.

Last update: 20/12/2011   RSS_Icon Subscribe to this Page’s RSS