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Article on possible REMIT delay

It is not official, but this article on the ICIS web site refers to a potential delay in REMIT reporting. The article states that:

  • The Implementing Act should be published in the official journal around December and take effect 20 days later
  • The first deadline (for on venue trades) will be nine months later (and not six as originally announced)
  • The second deadline for all other data is fifteen months later (and not twelve as originally announced)

If the sources in the article are correct, it puts the deadlines at around September 2015 and March 2016. The delay would have interesting consequences for the roll out of REMIT.

We await any sort of official published announcement about this.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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