Inside information under REMIT

Handling sensitive information with care is essential to avoid reputational harm and sanctions

Wednesday 1 February 2023, 10:00-16:00 (CET)

Target groups:

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

Learning objectives:

  • Practicalities for companies in scope
  • Being able to distinguish information from inside information
  • Understand the criteria that apply when classifying information as inside information
  • Understand the implications of improper disclosure
  • Becoming aware of the sensitivity of inside information
  • When to share information with who, and when not?
  • Understand abusive practices and the criteria of relevance
  • Master the key aspects of an effective compliancy framework

Including:

  • Study materials (handout)

Programme:

  • The prohibition of insider trading
    • Organisational arrangements to prevent abuse
  • The obligation to publish inside information
    • What to publish?
    • Where to publish?
    • When to publish?
    • Who to publish?
    • How to publish?
  • Information versus inside information
    • Criteria to qualify information as inside information
      • The information has to concern a product in scope of the regulation
      • It has to concern non-public information
      • The information must be of a precise nature
      • The information must be likely to significantly impact the market price
    • Transparency information versus inside information
      • REMIT versus the Electricity Transparency Regulation
      • Inside information platforms vs. ENTSO-E transparency platform
    • How an inside information case can become a market manipulation case
      • Practical situations
      • Organisational setup
    • Practicalities
      • Chinese walls
      • Scheduled vs. unscheduled maintenance
      • Practical cases
      • Debates & discussions
      • Dilemmas
        • Ethics & integrity
        • Thin line
        • Absolute prohibitions versus principle-based approach
        • Intermittent power generation capacity (wind, solar)
        • Limited availability (hydro – basins)


About the Lecturer

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



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Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide 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.

www.entrima.org


Conduct & Culture

MAC’s 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.

www.marketabusecentre.com