An introduction to REMIT
Produced in partnership with White & Case
An introduction to REMIT

The following Energy practice note produced in partnership with White & Case provides comprehensive and up to date legal information covering:

  • An introduction to REMIT
  • What is REMIT?
  • Aims
  • Who does it impact?
  • What it applies to
  • Who it applies to
  • Statutory basis and implementation
  • Insider trading (Article 3 of REMIT)
  • Publication of inside information (Article 4 of REMIT)
  • Market manipulation (Article 5 of REMIT)
  • More...

Brexit impact

As of 31 January 2020 (exit day), the UK is no longer an EU Member State, but it had entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. 11 pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime. Any changes relevant to this content will be set out below.

For information on how leaving the EU will affect the EU Internal Energy Market and/or Great Britain’s (GB) international electricity and gas interconnectors and trade, see Practice Note: Energy and Brexit—the EU Internal Energy Market and international electricity and gas interconnection regulation and trade, which details the key publications and announcements made to date which are specific to Brexit and the EU Internal Energy Market and/or Brexit and Great Britain’s international electricity and gas interconnectors and trade. It also provides a brief analysis of the consequences of these publications and announcements, and the position to date.

What is REMIT?

REMIT is the regulation on wholesale energy market integrity and transparency (Regulation (EU) No 1227/2011). It prohibits insider dealing

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