As an electricity exchange, Nord Pool is obliged to monitor trading activity with the aim to detect possible breaches with the prohibition against market manipulation and insider trading.
Any suspicious activity will be reported to the relevant National Regulatory Agency(s) (NRA). These obligations are in place to promote a fair and efficient market in the interest of all market participants.
To ensure that Nord Pool and the NRAs have a common understanding of REMIT, and that members are treated equally regardless of which country they operate in, the market surveillance team has a close cooperation with the NRAs.
Nord Pool is obliged to inform the NRA should there be any suspected breaches of the prohibition against market manipulation or the prohibition of insider trading as set out in REMIT. Nord Pool is also obliged to report possible breaches of other laws and regulations affecting the Nord Pool market. To ensure an efficient, transparent and well-functioning market, the market monitoring team may also report possible breaches on our own initiative, for example when we receive input from participants on specific incidents.
When a possible breach of REMIT is reported to the relevant NRA(s), the concerned market participant will normally not be informed.
Market surveillance works to ensure the level-playing field for all market participants and transparency in the price formation. We value the contribution of the market participants or interested individuals in this matter. Notifications regarding suspicious market behaviour or questions about market surveillance issues can be sent to firstname.lastname@example.org.