Regulation (EU) No 1227/2011 of the European Parliament and of the CouncilDangos y teitl llawn

Article 9 U.K. Registration of market participants

1. Market participants entering into [F1 reportable transactions] shall register with the national regulatory authority in [F2 each part of the United Kingdom] in which they are active. [F3 For this purpose—

(a) “part of the United Kingdom” means Great Britain or Northern Ireland; and

(b) all market participants entering into transactions in the SEM are to be treated as being active in Northern Ireland.]

[F4 A market participant entering into reportable transactions which relate, or might relate, to the trading or transportation of electricity between Great Britain and the SEM must register with both the GB Authority and the NI Authority.]

The registration of market participants is without prejudice to obligations to comply with applicable trading and balancing rules.

[F5 1A. The GB Authority may direct that the obligation in paragraph 1 to register with it does not apply to market participants which are already registered with the NI Authority, or with a national regulatory authority of a member State under this Regulation as it applies in EU law.

1B. The NI Authority may direct that the obligation in paragraph 1 to register with it does not apply to market participants which are already registered with the GB Authority, or with a national regulatory authority of a member State under this Regulation as it applies in EU law.

1C. A direction under paragraph 1A or 1B—

(a) may have effect generally or in specified cases;

(b) may be made for a specified period; and

(c) may be varied or cancelled by the national regulatory authority which made the direction.]

2. [F6 The GB Authority and the NI Authority must each establish a register] of market participants which they shall keep up to date. The register shall give each market participant a unique identifier and shall contain sufficient information to identify the market participant, including relevant details relating to its value added tax number, its place of establishment, the persons responsible for its operational and trading decisions, and the ultimate controller or beneficiary of the market participant's trading activities.

F7 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Market participants referred to in paragraph 1 of this Article shall submit the registration form to the national regulatory authority prior to entering into [F8 a reportable transaction].

5. Market participants referred to in paragraph 1 shall communicate promptly to the national regulatory authority any change which has taken place as regards the information provided in the registration form.

[F9 6. For the purposes of this Article, “reportable transaction” means a transaction which is required to be reported to the national regulatory authority under Article 8(1), or which would be required to be reported if the national regulatory authority had established a data reporting system under Article 10A of the REMIT Implementing Regulation.]

Textual Amendments

F1 Words in Art. 9(1) substituted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(2)(a)(i) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F2 Words in Art. 9(1) substituted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(2)(a)(ii) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F3 Words in Art. 9(1) inserted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(2)(a)(iii) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F4 Words in Art. 9(1) substituted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(2)(b) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F5 Art. 9(1A)-(1C) inserted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(3) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F6 Words in Art. 9(2) substituted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(4) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F7 Art. 9(3) omitted (31.12.2020) by virtue of The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(5) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F8 Words in Art. 9(4) substituted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(6) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)

F9 Art. 9(6) inserted (31.12.2020) by The Electricity and Gas (Market Integrity and Transparency) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/534), reg. 1(2), Sch. 1 para. 7(7) (with Sch. 1 para. 7(8)-(10)) (as amended by S.I. 2020/1016, regs. 1(2), 7(5)(d)); 2020 c. 1, Sch. 5 para. 1(1)