Activities of Marita ULVSKOG related to 2010/0363(COD)
Plenary speeches (1)
Energy market integrity and transparency (debate)
Amendments (3)
Amendment 81 #
Proposal for a regulation
Recital 9
Recital 9
(9) It should be clearly prohibited to use or to attempt to use inside information to trade either on one's own account or on the account of a third party. Use of inside information can also consist in trading in wholesale energy products by persons who know, or ought to know, that the information they possess is inside information. Information which is required to be made public in accordance with Regulation (EC) No 714/2009 or Regulation (EC) No 715/2009, including guidelines and network codes adopted pursuant to those Regulations, may be information that is likely to significantly affect the prices of wholesale energy products and therefore could constitute inside information until it has been made public.
Amendment 153 #
Proposal for a regulation
Article 2 – point 1 – subparagraph 1
Article 2 – point 1 – subparagraph 1
1. ‘inside information’ means precise information which has not been made public, relating directly or indirectly to one or more wholesale energy products and which, if it were made public, cwould be likely to significantly affect the prices of such wholesale energy products;
Amendment 156 #
Proposal for a regulation
Article 2 – point 1 – subparagraph 2
Article 2 – point 1 – subparagraph 2
For the purposes of applying the first subparagraph, information a reasonable market participant would be likely to use as part of the basis of his decision to enter into a transaction relating to a wholesale energy product is information which, if it were made public, would be likely to have a significant effect on the prices of such wholesale energy products. SuchThis is information, includesing information related to the capacity of facilities for production, storage, consumption or, transmission of electricity or natural gas, as well as informationnd related to the capacity of LNG facilities which a reasonable market participant would be likely to use as part of the basis of his decision to enter into a transaction relating to a wholesale energy product, and which (a) is required to be disclosedmade public in accordance with Regulation (EC) No 714/2009 and Regulation (EC) No 715/2009, including guidelines and network codes adopted pursuant to those Regulations, or in accordance with legal or regulatory provisions at Union or national level, market rules, and contracts or customs on the relevant wholesale energy market, and (b) could significantly affect the prices of such wholesale products.