Consultation Responses
Victoria Cummings

Europex welcomes Commission proposal to continue protecting electricity, gas, emissions and GO trading from Missing Trader Intra-Community Fraud

Europex explicitly welcomes and fully supports the Commission’s legislative proposal to extend the derogation in Article 199a of the VAT Directive allowing Member States to apply the domestic reverse charge mechanism (DRCM) to transactions in electricity, gas, emission allowances and Guarantees of Origin (GOs).

Consultation Responses
Victoria Cummings

ESMA Consultation Paper on the review of RTS 1 /RTS 2

We believe it is crucial that the illiquid market and Large-In-Scale (LIS) transactions waiver methodologies will consider the unique characteristics of commodity trading, one of them being the important role of pre-arranged trading for the development of on-screen trading.