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Regulation (EU) No 1227/2011 of the European Parliament and of the CouncilShow full title
Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (Text with EEA relevance)
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Article 1U.K.Subject matter, scope and relationship with other F1... legislation
1.This Regulation establishes rules prohibiting abusive practices affecting wholesale energy markets which are coherent with the rules applicable in financial markets and with the proper functioning of those wholesale energy markets whilst taking into account their specific characteristics. It provides for the monitoring of wholesale energy markets [F2by the national regulatory authority].
2.This Regulation applies to trading in wholesale energy products. Articles 3 and 5 of this Regulation shall not apply to wholesale energy products which are [F3relevant financial instruments]. This Regulation is without prejudice to [F4the Market Abuse Regulation and relevant law on markets in financial instruments] as well as to the application of F5... competition law to the practices covered by this Regulation.
3.[F6The national regulatory authority, the FCA and, where appropriate, the CMA must cooperate] to ensure that a coordinated approach is taken to the enforcement of the relevant rules where actions relate to one or more [F7relevant financial instruments] and also to one or more wholesale energy products to which Articles 3, 4 and 5 of this Regulation apply.
F84.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F95.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Word in Art. 1 heading 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. 1(2); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 1(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. 1(3); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in Art. 1(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. 1(4)(a); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in Art. 1(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. 1(4)(b); 2020 c. 1, Sch. 5 para. 1(1)
F5Word in Art. 1(2) 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. 1(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
F6Words in Art. 1(3) 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. 1(5)(a); 2020 c. 1, Sch. 5 para. 1(1)
F7Words in Art. 1(3) 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. 1(5)(b); 2020 c. 1, Sch. 5 para. 1(1)
F8Art. 1(4) 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. 1(6); 2020 c. 1, Sch. 5 para. 1(1)
F9Art. 1(5) 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. 1(6); 2020 c. 1, Sch. 5 para. 1(1)
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