The European Energy Exchange (EEX) and EQS Group are partnering to support future participants in the CO2 market with their reporting obligations pursuant to the EU Market Abuse Regulation (MAR).
As of 3 January, 2018, the provisions of the Market Abuse Regulation (MAR) will also apply to emissions trading. As of this date, trading participants in the CO2 market, as well as auction platforms, auctioneers, and auction monitors, will be obligated to publish insider information and proprietary transactions of management, to track lists of insiders and lists for executives. Within the scope of their cooperation, EEX and EQS offer a complete joint solution for the fulfilment of these obligations.
“We are very pleased with the new partnership with EEX, by means of which an entirely new clientele will receive access to our successful products. Participants in emissions trading will benefit through this joint offer when fulfilling MAR obligations using the established expertise of EEX in the energy sector, as well as with our unique digital products, such as the INSIDER MANAGER, which ensures a reliable workflow when maintaining insider lists,” says Christian Pfleger, COO of EQS Group.
“We are continually expanding our offer of reporting services to enable our clients to trade in our markets with minimal effort”, says Dr Tobias Paulun (pictured), Chief Strategy Officer of EEX. “The EEX transparency platform enables simultaneous reporting of information for several regulations, such as REMIT and MAR.”
Effective immediately, clients of EEX and EQS can choose between three packages that cover all obligations. These will come into effect in the upcoming year, due to the European Market Abuse Regulation, and with implementation, will ensure compliance with MAR. Data reporting will occur via the transparency platform (“Transparency in Energy Markets”) of EEX. The audit-proof maintenance of insider lists and lists of executives will be covered by the EQS INSIDER MANAGER.
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