Compliance Review
Maintain full conformity with European regulatory, contractual, and operational obligations through structured annual compliance reviews.
Correggio Consulting conducts comprehensive audits to ensure your organisation remains aligned with evolving legislation, market rules, and internal governance standards.
Our Services Include
Regulatory Compliance Review
We assess adherence to all relevant regulatory frameworks, including REMIT, EMIR, MiFID II/ MiFIR; MAD/MAR; the Dodd-Frank Act, CBAM, REMIT II, national licensing obligations, grid code requirements, and sustainability-related reporting. Our auditors identify gaps, emerging obligations, and areas requiring corrective action to maintain a strong regulatory posture.
Operational Process Assesment
We review the operational procedures associated with scheduling, nominations, balancing, settlement, data exchange, and trade reporting. This ensures day-to-day execution aligns with contractual obligations, market rules, and TSO requirements. Findings include recommendations for strengthening reliability and reducing operational risk.
Governance & Internal Control
Strong governance is essential for energy-market compliance. We examine decision-making frameworks, internal controls, segregation of duties, risk-management processes, and compliance monitoring systems. Our evaluation highlights weaknesses and provides structured guidance to reinforce organisational oversight.
Data Quality & Reporting Validation
Regulatory and market reporting requires precise and reliable data. We review data flows, system interfaces, reporting logic, and record-keeping practices to ensure accuracy and auditability. This helps prevent reporting errors, remedial actions, or compliance breaches.
Final Report & Remediation Plan
At the conclusion of the project, we deliver a formal report summarising findings, ranking risks, and outlining a clear remediation plan with timelines, priorities, and responsible functions. Follow-up support is available to assist with implementation and prepare the organisation for future reviews.
Overview of relevant sector regulations, including obligations and legislative timelines:
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REMIT; EMIR; MiFID II/ MiFIR; MAD/MAR; Dodd-Frank Act, CBAM, REMIT II
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Other market reforms affecting the energy industry
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Applicable national regimes and business conduct rules
