Common use of Regulatory and legal requirements Clause in Contracts

Regulatory and legal requirements. It is the responsibility of each market participant to ensure that it complies with national and European legislation, including requirements of any relevant competent authority, and obtained all necessary authorisations in connection with its participation in Shadow Auctions and the use of Transmission Rights allocated in the day-ahead market timeframe. CHAPTER 3 Shadow Auctions

Regulatory and legal requirements. It is the responsibility of each market participant to ensure that it complies with national and European legislation, including requirements of any relevant competent authority, and obtained all necessary authorisations authorizations in connection with its participation in Shadow Auctions and the use of Transmission Rights allocated in the day-ahead market aheadmarket timeframe. CHAPTER 3 Shadow Auctions