Saatja: Tiina Maldre - KA </o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=57082d5b252041b0ad8d523694258b46-29c092c5-52>
Saaja: 'Marina Alexandra Ion', Market Access - Asset Management
Teema: RE: [COMPLIANCE/ REPORTING OBLIGATIONS FOR LICENSE] Re: Twig Asset Management - Applicant for BRP and BSO with Elering, Pending Energy License
Dear Marina
The Estonian Competition Authority (ECA) has an annual obligation to prepare an energy and gas market analysis for the European Commission. For this we need data from market participants. In the spring (March-April), ECA sends a questionnaire to market participants (quantities of electricity sold, number of consumers, etc.).
There are currently no other mandatory requirements.
Kind regards,
Tiina Maldre
Adviser
Department of Energy and Infrastructure
[email protected]
+372 667 2573
Estonian Competition Authority
Tatari 39, 10134 Tallinn
www.konkurentsiamet.ee <https://www.konkurentsiamet.ee/>
From: Marina Alexandra Ion <
[email protected]>
Sent: Wednesday, December 10, 2025 4:18 PM
To: Tiina Maldre - KA <
[email protected]>
Cc: Market Access - Asset Management <
[email protected]>
Subject: [COMPLIANCE/ REPORTING OBLIGATIONS FOR LICENSE] Re: Twig Asset Management - Applicant for BRP and BSO with Elering, Pending Energy License
Tähelepanu! Tegemist on välisvõrgust saabunud kirjaga.
Tundmatu saatja korral palume linke ja faile mitte avada.
Dear Tiina,
I hope that you are doing well. I would like to follow up on our "entrepreneur" "economic activity notifications" license with Konkurentsiamet, with the details below:
* Roles: Ettevõtja (Entrepreneur); Majandustegevusteated (Economic Activ Notification)
* License number (concession number): ELM000154
* License issue date (concession date): 03.JUL.2025
* Area of activity: Sales of electricity.
I believe it is relevant to mention that we are now BRP and BSP Market Participants with Elering.
On behalf of Twig Asset Management ApS, I would kindly like to inquire regarding the compliance or reporting obligations that we should fulfill, with Konkurentsiamet, in order to satisfy all ongoing requirements. Could you please support us on this matter?
I am looking forward to hearing from you.
Have a great day,
Mar
--
--
Best regards,
Mar (Marina Alexandra ION)
Market Access Manager
[email protected] / +45 5252 5074
Overgaden Neden Vandet 17, 2. sal, 1414 Copenhagen, Denmark
On Thu, Jul 3, 2025 at 10:47 AM Marina Alexandra Ion <
[email protected]> wrote:
Dear Tiina,
Thank you very much for your prompt response and all your support throughout this process. It's truly great news to know that we now have the required license in place to proceed with the BRP and BSP certifications.
It has been a real pleasure collaborating with you and Konkurentsiamet. I sincerely appreciate your guidance and assistance.
Wishing you a great day!
Best,
Mar
Tiina Maldre - KA <
[email protected] <mailto:
[email protected]> >
Jul 3, 2025, 10:30 AM
to me
Dear Marina
I registered Twig Asset Management ApS company. You can view it at the web address https://mtr.ttja.ee <https://mtr.ttja.ee/> , MTR (available in both Estonian and English).
The MTR is a public register, where everyone can check who has the right to operate.
Kind regards,
Tiina Maldre
Estonian Competition Authority
From: Marina Alexandra Ion <
[email protected]>
Sent: Wednesday, July 2, 2025 3:14 PM
To: Tiina Maldre - KA <
[email protected] <mailto:
[email protected]> >
Subject: Re: Twig Asset Management - Applicant for BRP and BSO with Elering, Pending Energy License
Tähelepanu! Tegemist on välisvõrgust saabunud kirjaga.
Tundmatu saatja korral palume linke ja faile mitte avada.
Dear Tiina,
Marina Alexandra Ion <
[email protected]>
Jul 3, 2025, 10:37 AM
to Tiina
Dear Tiina,
Thank you for the update and for registering Twig Asset Management ApS in the MTR. I was able to view the listing of the company on the public register.
A few last quick questions, please:
1. Is this the only required license for us to become a BRP and BSP with the TSO Elering? Are we now in a position to begin our application processes with them, given that we are listed in the public registry?
2. Also, I assume no separate formal document or certificate is needed from the MTR or Konkurentsiamet, but please correct me if I am wrong.
Lastly, please understand that this is a new market and regulatory environment for us, which is why I appreciate your guidance and time as I clarify these details.
Thank you once again,
Mar
Tiina Maldre - KA <
[email protected] <mailto:
[email protected]> >
Jul 3, 2025, 10:44 AM
to me
Dear Marina
Please find my answers below written in blue.
Kind regards,
Tiina Maldre
Estonian Competition Authority
From: Marina Alexandra Ion <
[email protected]>
Sent: Thursday, July 3, 2025 11:38 AM
To: Tiina Maldre - KA <
[email protected] <mailto:
[email protected]> >
Subject: Re: Twig Asset Management - Applicant for BRP and BSO with Elering, Pending Energy License
Tähelepanu! Tegemist on välisvõrgust saabunud kirjaga.
Tundmatu saatja korral palume linke ja faile mitte avada.
Dear Tiina,
Thank you for the update and for registering Twig Asset Management ApS in the MTR. I was able to view the listing of the company on the public register.
A few last quick questions, please:
1. Is this the only required license for us to become a BRP and BSP with the TSO Elering? Are we now in a position to begin our application processes with them, given that we are listed in the public registry? Yes
2. Also, I assume no separate formal document or certificate is needed from the MTR or Konkurentsiamet, but please correct me if I am wrong. No need
Lastly, please understand that this is a new market and regulatory environment for us, which is why I appreciate your guidance and time as I clarify these details. All questions are welcome
Thank you once again,
Mar