Four Charters

Four Charters

The Charter recognises that professionals in wholesale energy markets fulfil different roles. Each role carries specific responsibilities and requires particular expertise.

To reflect these differences, the Charter defines four professional categories.

These categories ensure that professional standards are relevant to the responsibilities of each role within the market.

Chartered Market Practitioner

Chartered Deal-makers typically act as intermediaries between market participants.

This category may include professionals such as:

  • brokers
  • market intermediaries
  • professionals facilitating transactions between counterparties

Deal-makers play an important role in connecting buyers and sellers and supporting liquidity within the markets.

Chartered Deal-maker

Professionals must maintain the knowledge and skills necessary to perform their role responsibly.

This includes understanding:

  • how wholesale energy markets function
  • the regulatory framework governing the markets
  • the risks associated with trading and market participation

Chartered Professionals maintain competence through ongoing professional development.

Chartered Insider

Chartered Insiders are professionals who may have access to inside information relevant to wholesale energy markets.

This category can include professionals working in areas such as:

  • asset management
  • infrastructure operations
  • commercial operations
  • production and supply activities

Because of their potential access to market-sensitive information, these professionals must demonstrate strong awareness of market integrity obligations.

Chartered Surveillant

Chartered Surveillants are responsible for monitoring and safeguarding market integrity.

This category may include professionals working in:

  • compliance
  • market surveillance
  • regulatory monitoring
  • risk and governance functions

Their role is to ensure that market activities comply with applicable rules and that potential misconduct is identified and addressed.

A shared professional framework

Although these four categories reflect different roles, they share a common objective: supporting fair, transparent and well-functioning wholesale energy markets.

All Chartered Professionals commit to the same core principles of competence, integrity and responsible market participation.

Frequently Asked Questions

What is the purpose of the Charter’s Code of Conduct?
The Code of Conduct defines the standards of professional behaviour expected from Chartered Professionals working in EU wholesale energy markets. It promotes integrity, professionalism and responsible market participation, helping to strengthen trust and transparency in the markets.
Who must follow the Code of Conduct?
All professionals registered under the Charter are required to follow the Code of Conduct. By becoming a Chartered Professional, individuals formally commit to adhering to these principles in their professional activities within the wholesale energy markets.
What types of behaviour does the Code of Conduct address?
The Code of Conduct addresses key principles such as integrity, professional competence, responsible market participation and compliance with applicable laws and regulations. It also emphasises the importance of avoiding market abuse and maintaining ethical standards in market-related activities.
What happens if the Code of Conduct is violated?
Failure to comply with the Code of Conduct may lead to disciplinary measures under the Charter framework. Depending on the circumstances, this may include suspension or removal from the Charter registry, ensuring that the standards of the Charter are maintained.
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