Research European Commodity Market Regulations - Part 2 | Page 13

European Energy Market Regulations – Survey Results Figure 9: Results of a Previous ComTech Survey on Readiness for EMIR and REMIT 4% 24% 19% 19% 34% Aware and fully compliant Aware and preparing for compliance Aware and not started Not heard of the regulations Not Applicable Finally, the respondents in this current survey do indicate that compliance with these regulations comes at potentially significant costs; ranging from additional staff required to ensure compliance burdens are met, through potential divestment of parts of the business. The issue, however, is that the level of preparedness and consideration given to the impact of these regulations indicated by the survey doesn’t give us much confidence in their assessment of the impact. It may well be that the final impact is even great