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EU member states mull harmonised penalties for energy-trading abuses

By Peter Koh ( February 14, 2011, 12:08 GMT | Insight) -- EU member states discussing proposed rules to stamp out market abuse in energy trading are considering harmonised penalties for insider trading and market manipulation in wholesale electricity and gas markets, a document obtained by MLex shows. European governments are also anxious to limit the scope of follow-up legislative detail left to the European Commission to decide, by adding as much detail as possible in the regulation itself. EU member states discussing proposed rules to stamp out market abuse in energy trading are considering harmonised penalties for insider trading and market manipulation in wholesale electricity and gas markets, a document obtained by MLex shows....

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