Market Abuse Regulations – US Versus EU

In the United States, the following three pieces of regulation contain anti-market abuse provisions that are relevant to commodity or energy markets:

  • the Commodity Exchange Act (CEA) of 1936
  • the Energy Policy Act (EPA) of 2005, and
  • the Energy Independence and Security Act (EISA) of 2007.

Besides, the anti-abuse provisions of the the Commodity Exchange Act were greatly expanded by the Dodd-Frank Act (officially titled “Dodd-Frank Wall Street Reform and Consumer Protection Act”) of 2010. The regulatory packages bring along prohibitions and obligations for commodity and energy market participants. For each act specifically there is a relevant regulatory authority to supervise whether parties comply with the rules.

In the European Union, the following two pieces of regulation contain anti-market abuse provisions that are relevant to commodity or energy markets:

  • the Market Abuse Regulation (MAR), and
  • the Regulation on wholesale Energy Market Integrity and Transparency (REMIT)

National and European regulatory bodies supervise the markets from this perspective.

Our Purpose

Entrima provides learning services for professionals in the commodity & energy markets.

Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

Conduct & Culture

Entrima mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.