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Name 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.

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