This specialised training is designed to provide a critical understanding of how REMIT is currently being implemented and enforced, and equip participants with the necessary tools to anticipate practical issues and ensure compliance.
In this one-day intensive training, we will bring together experts in the field to bring you fully up to date with the current workings of REMIT, examine what its provisions require in practice and how it is implemented and enforced in Member States. Our experts will lead you through recent controversial cases with complex REMIT issues at their core.
REMIT, the EU Regulation on Wholesale Energy Market Integrity and Transparency (Regulation No. 1227/2011), first brought into effect in 2011 (followed by the REMIT Implementing Regulation in 2014 (Reg. No. 1348/2014)), establishes common EU-wide rules, that aim to prevent abusive practices in wholesale energy markets and enhance market transparency. Overseen by ACER, the regulation defines prohibited abusive practices with respect to market manipulation and insider trading, applies a monitoring system for the European energy markets, and gives national regulatory authorities (NRAs) powers to enforce rules, investigate and sanction misconducts. REMIT is now a mature system of regulation but the interpretation and application of its provisions, are challenging, complex and often contentious.
Ahead of the training, reading and supporting materials will be made available through a dedicated online portal alongside focused discussion groups, in preparation for the course. The course is designed to encourage the active participation of participants throughout the course and a close interaction with the experts on hand to ensure a fuller learning experience. Participants will also be invited to post questions ahead of the training, so that their particular concerns are fully addressed.
This course does not require a legal background and is open to all. However, it is particularly aimed at energy and financial market practitioners and new entrants to these markets, lawyers, economists and consultants, members of NRAs, TSOs, European institutions, and academics.
In addition to the on-site one-day training, in the period leading up to the course, participants will be given access to an online portal, which will contain introductory reading and supporting materials as well as follow-up resources intended for a deeper insight into the topic. Participants have to engage with an online group discussion forum. These tasks and preparatory materials are expected to take a minimum of 10-12 hours in advance of the course, depending on the level of the participant.
Paid registration fee is non-refundable. However, registrant substitution may be made up to 21 days before the start date of the course.
At the end of the course, the participants can earn a Certificate of Completion or a Certificate of Excellence, depending of their performance and engagement throughout the course.
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