CESR and ERGEG are consulting on their draft response to the Commission in the context of the Third Energy Package. The advice looks at specific questions on:

  • record keeping: it looks at what market participants and what instruments the requirements cover; 
  • transparency: it proposes two options on what data should be published. It should either be on the whole market or exclude products that fall within MiFID. It favours the whole market option; and 
  • exchange of information.

Where appropriate, the advice cross-refers to MiFID requirements, and how proposals tie in with existing requirements for firms that fall under MiFID. It asks for responses by 24 November.