Events listed in Market Correction Mechanism (MCM)
Council Regulation (EU) 2023/2920 amending Regulation (EU) 2022/2578 as regards the ...
ID 26596
New Council Regulation (EU) 2023/2920 amending Regulation (EU) 2022/2578 concerning the extension of latter’s application was published in the Official Journal (OJ) of the EU. Regulation (EU) 2022/2578 establishes a temporary market correction mechanism (MCM) for trading derivatives linked to the Union’s virtual trading points (VTPs) in the context of gas trading. Specifically, the 2022 regulation addresses the challenges posed by severe difficulties in ...
2023/0443/NLE: Proposal for a COUNCIL REGULATION amending Regulation (EU) 2022/2578 ...
ID 25971
A Proposal for a COUNCIL REGULATION amending Regulation (EU) 2022/2578 concerning the extension of latter’s application was published in the Official Journal (OJ) of the EU. Regulation (EU) 2022/2578 establishes a temporary market correction mechanism (MCM) for trading derivatives linked to the Union’s virtual trading points (VTPs) in the context of gas trading. Specifically, the 2022 regulation addresses the challenges posed by severe difficulties ...
Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition ...
ID 22692
Commission Implementing Regulation (EU) 2023/736 as regards the technical details for the Market Correction Mechanism (MCM) to be applied for derivatives linked to other virtual trading points (VTPs) was published in the Official Journal (OJ) of the EU. In detail, the Implementing Regulation specifies that – in accordance with Article 9 of the Market Correction Mechanism Regulation (Council Regulation (EU) 2022/2578) – the MCM ...
ESMA and ACER update Memorandum of Understanding to strengthen cooperation
ID 22147
The European Securities and Markets Authority (ESMA) and the EU Agency for the Cooperation of Energy Regulators (ACER) have signed an updated Memorandum of Understanding (MoU) that strengthens collaboration between the two institutions, particularly in new cooperation areas under the market correction mechanism (MCM) Regulation and benchmarks related to the energy sector. The MoU also outlines the role of the recently established __ACER–ESMA Task ...
ESMA finds that MCM had no measurable impact on financial markets under current ...
ID 22084
The European Securities and Markets Authority (ESMA) has published its Effects Assessment of the introduction of the market correction mechanism (MCM) on gas derivative markets. ESMA explored together with ACER (eventid=19975) whether there has been any shift in trading due to the MCM and found no changes in EU gas derivatives trading that could be directly attributed to it. The report also describes the ...
Asset Management
report / study
ACER publishes its assessment report on the market effects resulting from the gas ...
ID 22074
The European Union Agency for the Cooperation of Energy Regulators (ACER) published its assessment report on the effects of the Market Correction Mechanism (MCM) on energy markets and security of supply. The MCM was established in December 2022 to protect citizens and the economy against excessively high gas prices by setting a bidding limit on certain financial derivatives traded at EU exchanges. ACER and ...