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View the documentName | Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices |
Author | Council of the European Union |
Source | Official Journal of the European Union |
Publication date | 29. 12. 2022 |
Version in force as of | 1. This Regulation shall enter into force on 1 February 2023. It shall apply from the same day for a period of one year. 2. Article 4 shall apply from 15 February 2023. 3. Article 8(2) shall apply from 1 January 2023. 4. This Regulation shall not apply to the following: (a) TTF derivative contracts concluded before 1 February 2023; (b) buying and selling of TTF derivatives in order to offset or reduce TTF derivatives contracts concluded before 1 February 2023; (c) buying and selling of TTF derivatives as part of a CCP default management procedure, including OTC trades registered in the regulated market for clearing purposes. |
Additional information:
This Regulation shall be binding in its entirety and directly applicable in all Member States.