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Q&As on REMIT – Question III.5.3.

[** Question number changed from Q II.3.7. **]

Do you consider person professionally arranging transaction in wholesale energy product as an organised market place?


Answer:

Under Article 8(4)(d) of REMIT: “for the purposes of paragraph 1, information shall be provided by: [..] (d) an organised market, a trade-matching system or other person professionally arranging transactions;.”

In line with the above provision of REMIT, organised market places fall under the definition of persons professionally arranging transactions.

Having said that, and under Article 15 of REMIT, organised market places are required to:

  1. notify transactions that might breach Articles 3 and 5 of REMIT; and
  2. establish and maintain effective arrangements and procedures to identify breaches of Articles 3 and 5 of REMIT.

Last update: 22/10/2018   RSS_Icon Subscribe to this Page’s RSS