Paragraph 4

(1)

Article 4 (obligation to publish inside information) is amended as follows.

(2)

In paragraph 2, omit “Agency and the relevant”.

(3)

In paragraph 4—

(a)

for “Regulation (EC) No 714/2009 or (EC) No 715/2009” substitute “the Electricity Regulation or the Gas Regulation”;

(b)

after “adopted”, insert “or regulations made”.

(4)

In paragraph 5, for “Regulation (EC) No 714/2009 or (EC) No 715/2009” substitute “the Electricity Regulation or the Gas Regulation”.

(5)

In paragraph 6, for the words from “the obligations” to “those Directives and Regulations” substitute “the EU-derived obligations of market participants”.

(6)

After paragraph 6 insert—

“6A.

In paragraph 6, “EU-derived obligations” means obligations under—

(a)
any legislation, licence condition or industry code which, immediately before exit day, implemented Directive 2009/72/EC or 2009/73/EC;

(b)
the Electricity Regulation or the Gas Regulation; or

(c)
any network codes or guidelines adopted, or regulations made, under the Electricity Regulation or the Gas Regulation.”.

(7)

In paragraph 7—

(a)

for “their country” substitute “the United Kingdom”;

(b)

at the end, insert as a new subparagraph—

“For the purposes of this paragraph, Article 2 of Council Directive 2008/114/EC is to be read as if, in point (a), the references to ‘Member States’ and ‘a Member State’ were references to the United Kingdom.”.