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Article 6 Technical updating of definitions of inside information and market manipulation

United Kingdom

Original text. Later amendments are not shown.

1.

F1A national authority may, by regulations, amend this Regulation in order to:

(a)

align the definitions set out in points (1), (2), (3) and (5) of Article 2 for the purpose of ensuring coherence with other relevant F2... legislation in the fields of financial services and energy; and

(b)

update those definitions for the sole purpose of taking into account future developments on wholesale energy markets.

2.

The F3regulations referred to in paragraph 1 shall take into account at least:

(a)

the specific functioning of wholesale energy markets, including the specificities of electricity and gas markets, and the interaction between commodity markets and derivative markets;

(b)

the potential for manipulation across borders, between electricity and gas markets and across commodity markets and derivative markets;

(c)

the potential impact on wholesale energy market prices of actual or planned production, consumption, use of transmission, or use of storage capacity; and

F4(d)

network codes and framework guidelines adopted in accordance with Regulation (EC) No 714/2009 before 1 January 2020 and network codes and framework guidelines adopted, or regulations made, under the Gas Regulation and Electricity Regulation.

Annotations

Textual amendments

F1

Words in Art. 6(1) substituted (31.12.2020) by The Electricity and Gas (Powers to Make Subordinate Legislation) (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1286), regs. 1(2)(b), 17(2)(a); 2020 c. 1, Sch. 5 para. 1(1)

F2

Word in Art. 6(1)(a) omitted (31.12.2020) by virtue of The Electricity and Gas (Powers to Make Subordinate Legislation) (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1286), regs. 1(2)(b), 17(2)(b); 2020 c. 1, Sch. 5 para. 1(1)

F3

Word in Art. 6(2) substituted (31.12.2020) by The Electricity and Gas (Powers to Make Subordinate Legislation) (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1286), regs. 1(2)(b), 17(3)(a); 2020 c. 1, Sch. 5 para. 1(1)

F4

Art. 6(2)(d) substituted (31.12.2020) by S.I. 2018/1286, regs. 1(2)(b), 17(3)(b) (as substituted by The Electricity and Gas etc. (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1016), regs. 1(2), 2(6)); 2020 c. 1, Sch. 5 para. 1(1)