This FSR-ACER residential course in Florence covers the scope of the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) and the way in which it is implemented.
Mapping the EU framework for wholesale energy market transparency and integrity
In force since 28 December 2011, REMIT is the legislation establishing a sector-specific, directly applicable framework to detect and deter market abusive behaviour in the forms of insider trading and market manipulation, including attempted market manipulation, in respect to European wholesale energy products, including electricity, gas. derivative instruments and infrastructure capacity. It pursues a three-sided aim:
REMIT implementation rests on the complex, multi-layered monitoring and enforcement system involving private actors, such as Persons Professionally Arranging Transactions (PPATs), national authorities, like the National Regulatory Authorities (NRAs), and European bodies, like the EU Agency for the Cooperation of Energy Regulators (ACER).
This FSR-ACER Training Course explores in depth the types of behaviours which REMIT aims at detecting and deterring (i.e., insider trading and market manipulation), the main obligations and prohibitions falling on market participants and other sector stakeholders (e.g., the obligation to disclose inside information) and the way in which national and European entities (NRAs, ACER etc.) cooperate to ensure effective market surveillance.
This course builds on the unique academic knowledge and expertise and practical experience of instructors from the FSR and ACER. Furthermore, representatives from organised marketplaces and financial conduct authorities will share their experiences. Instructors will present case studies to provide course participants with examples from the real world.
This three-day residential course is held in Florence. Instructors will alternate between lectures, case studies, and group activities to enhance the discussion and improve the learning experience.
After completing this course, you will be able to:
The course is given in English and developed for:
Being a specialised course, participants are expected to have a basic knowledge of the main concepts relevant to REMIT and its implementation. Participants new to the area are encouraged to attend the online workshop “Introduction to Remit” on 29 October 2024, which provides an opportunity to familiarise themselves with the main concepts at the basis of REMIT implementation. Attendance at the workshop is optional for the course participants and is included in the course fee.
This workshop will explore the basic concepts, definitions, obligations and prohibitions under the EU Regulation on Wholesale Energy Market Integrity and Transparency.
9.15 – 9.30 Introduction to the workshop Alberto Pototschnig | FSR, RSCAS, EUI
9.30 – 10.30 Introduction to REMIT: purpose, scope and actors Alberto Pototschnig | FSR, RSCAS, EUI
10.30 – 10.45 Break
10.45 – 11.45 Insider trading Sofia Nicolai | FSR, RSCAS, EUI
11.45 – 12.00 Q&A
12.00 – 13.00 Lunch break
13.00 – 14.00 Market manipulation Alberto Pototschnig | FSR, RSCAS, EUI
14.00 – 14.15 Break
14.15 – 15.15 Introduction to REMIT obligations Sofia Nicolai | FSR, RSCAS, EUI
After the course, a certificate of participation will be provided to the participants.
Fees
The course fee includes participation in the Workshop “Introduction to Remit” which will be held online on 29 October 2024.
Cancellation policy
Paid registration fee is non-refundable. However, registrant substitution may be made up to 20 days before the start date of the course.
Please arrange your travel and accommodation as soon as possible as Florence is very popular in this period.
Please note that the course fee does not cover travel and accommodation costs.
This is a fully residential training course, and classes will be held in Florence on 12-14 November 2024.
By submitting your application, you are committing to pay the corresponding fee.
Event venue
Sala Europa
Villa Schifanoia,
Via Giovanni Boccaccio 121,
I-50133 Firenze – Italy
Local transportation
Villa Schifanoia is easily reachable by taxi from Florence centre or from Fiesole (about 20€) and from Florence Airport (about 35€).
If you prefer public transport (ticket 1,50€ to be bought in official ticket offices, machines and authorised retailers that display the Autolinee Toscane sticker):
Or:
Watch course directors Martin Godfried (ACER) and Alberto Pototschnig (FSR) explain what you will learn in the course.
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