Ofgem consults on prosecution policy: Ofgem is consulting on a Prosecution Policy Statement to set out its approach to all criminal prosecutions including new offences under the Regulation on Energy Market Integrity and Transparency (REMIT) of insider trading and market manipulation in wholesale energy products. The draft statement explains how Ofgem proposes to use its market abuse prosecution powers where the suspected market abuse is particularly egregious in nature or impacts on the market, or because only a prosecution would deter future market abuse. It also explains how Ofgem will assess situations in which it has the choice of taking either civil or criminal action. Ofgem asks for comments by 25 September. (Source: Ofgem Consults on Prosecution Policy)