Target groups

• Professionals with a market access, control or support function, including brokers, traders, dispatchers and shift traders, compliance & surveillance experts, specialists in trade operations, as well as plant managers, asset managers and system operators.

Learning objectives

• Understand the background of the regulations and its objectives
• Master the regulation’s prohibitions and obligations
• Understand the implication of these
• Being able to distinguish information from inside information
• Understand abusive practices and the criteria of relevance
• Master the key aspects of an effective compliancy framework

Tutor

• Jerry de Leeuw, MSc. (founder of Entrima; former trader, author of the book “REMIT”)

Including

• Study materials (handout + book)
• Lunch

Programme

• The regulation
  • ACER & national regulatory authorities
  • Guidance, Q&A
• Prohibitions
  • Insider trading
    • Operational setup
    • Internal procedures
  • Market manipulation
    • Schemes
      • Examples
    • Disclosing inside information unlawfully/improper
  • Obligations
    • Publication of inside information
      • What is inside information?
    • To register with authority
    • Data reporting/collection
      • Fundamental & transactional data
      • Registered reporting mechanism
      • ACER’s REMIT information system
    • To perform market monitoring/trade surveillance
      • Suspicious transaction report
    • Compliance
      • Sanctioning regimes
      • Jurisprudence