Article 6U.K.Technical updating of definitions of inside information and market manipulation

1.[F1A national authority may, by regulations, amend this Regulation] in order to:

(a)align the definitions set out in points (1), (2), (3) and (5) of Article 2 for the purpose of ensuring coherence with other relevant F2... legislation in the fields of financial services and energy; and

(b)update those definitions for the sole purpose of taking into account future developments on wholesale energy markets.

2.The [F3regulations] referred to in paragraph 1 shall take into account at least:

(a)the specific functioning of wholesale energy markets, including the specificities of electricity and gas markets, and the interaction between commodity markets and derivative markets;

(b)the potential for manipulation across borders, between electricity and gas markets and across commodity markets and derivative markets;

(c)the potential impact on wholesale energy market prices of actual or planned production, consumption, use of transmission, or use of storage capacity; and

[F4(d)network codes and framework guidelines adopted in accordance with Regulation (EC) No 714/2009 before 1 January 2020 and network codes and framework guidelines adopted, or regulations made, under the Gas Regulation and Electricity Regulation.]

Textual Amendments