The Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) Regulations 2013
| Jurisdiction | UK Non-devolved |
| Citation | SI 2013/1389 |
| Year | 2013 |
(1) These Regulations may be cited as the Electricity and Gas (Market Integrity and Transparency) (Enforcement etc.) Regulations 2013 and come into force on 29th June 2013.(2) These Regulations do not extend to Northern Ireland.In these Regulations— a market participant; ora person subject to an obligation imposed by Article 15 of REMIT.(2) In this regulation, “market participant” has the same meaning as in REMIT.Article 3(1) and (5) (prohibition of insider trading) ; Article 4(1) , (2) and (3) (obligation to publish inside information) ; Article 5 (prohibition of market manipulation) ; Article 8(1) and (5) (data collection) ; Article 9(1) , (4) and (5) (registration of market participants) ; Article 15 (obligations of persons professionally arranging transactions) .
Schedule 1 (application to the Crown Schedule 2 (service of notices) has effect. The Authority must, so far as it appears to the Authority to be appropriate, monitor the integrity and transparency of the wholesale energy market. It shall be the duty of the Authority, where either it considers it expedient or it is requested by the Secretary of State to do so, to give information, advice and assistance to the Secretary of State with respect to any matter in respect of which any of the Authority's functions under REMIT or these Regulations is exercisable. who is an individual; andwho is acting in the course of employment by another regulated person.“electronic communication” includes any communication made by way of fax, email or instant messaging device; and“wholesale energy products” has the same meaning as in REMIT.that any relevant communication is recorded; andthat a copy of any relevant communication is retained in accordance with paragraph (4) .for a period of at least six months from the date the record was created; andin a medium that allows the storage of information in a way that is accessible for future reference by the Authority when the Authority is exercising the powers conferred on it by regulation 9, 11, 14 or 16.the Authority must be able to access the record readily;if any correction or other amendment has been made to a record, andthe content of any record prior to such correction or amendment; andit must not be possible for any record to be otherwise manipulated or altered.that it cannot ensure is recorded, orif it cannot ensure that a copy is retained in accordance with paragraph (4) .(7) The Authority may, by notice in writing, require RP to ensure that any specified relevant communication is retained beyond the period required by paragraph (4) (a) and until a specified date.(8) If the Authority no longer requires RP to ensure that any specified relevant communication is retained in accordance with paragraph (7) it must notify RP in writing.(9) In paragraphs (7) and (8) , “specified” means specified in the notice.(1) This regulation applies only to information and documents reasonably required by the Authority in connection with monitoring the integrity and transparency of the wholesale energy market.to provide specified information or information of a specified description; orto produce specified documents or documents of a specified description.
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