EU States Reach Deal On Energy Insider Trading Rules

Law360, New York (June 29, 2011, 4:26 PM EDT) -- European Union member states on Wednesday reached a provisional agreement on a new rules meant to curb insider trading in energy markets, including a centralized repository for market activity.

The announcement came after European Union Commissioner for Energy Guenther Oettinger outlined proposals in December aimed at preventing insider trading in wholesale energy markets that are valued at approximately €500 billion ($708 billion) per year.

“As the EU internal energy market for electricity and gas is becoming more and more liberalized and interconnected, the potential for abuse...
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