Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-258-062"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110914.24.3-258-062"2
lpv:hasSubsequent	lp_eu:2011-09-14-Speech-3-258-1252
lpv:speaker	lp:Juozas Imbrasas2
lpv:spokenAs	member; TRAN (2009-07-16--2012-01-18)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; EFD (2009-07-14--2014-06-30)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3 unknown; Partija Tvarka ir teisingumas (2009-07-14--2014-06-30)3 member; Delegation for relations with the Korean Peninsula (2009-09-16--2012-02-14)3 member; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; REGI (2009-07-16--2012-01-18)3
lpv:translated text	"I welcomed this document because it is aimed at preventing market abuse and manipulation in the energy sector (gas and electricity). The regulation prohibits market abuse in the form of insider trading (Article 1(1) & Article 3) and market manipulation ( Article 2(2) & Article 4) in wholesale energy products (electricity & gas). It requires market participants to disclose inside information (Article 4(4)). The key actor in monitoring the transactions in the market is the recently established Agency for the Cooperation of Energy Regulators (ACER). Article 7 of the regulation requires market participants to provide the Agency with a record of their transactions in wholesale energy products. The Agency monitors this data and reports annually to the European Commission (Article 6). The Agency shares the information it collects with other bodies, in particular national regulatory authorities and financial and competition authorities in Member States (Article 8). Market manipulation should be sanctioned equally throughout the EU in order to prevent companies which infringe the REMIT provisions from setting up in Member States with the least severe penalties. The Commission should therefore present proposals by end 2012 to further harmonise penalties and lay down minimum requirements for penalties at EU level."@en1

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