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REMIT

Summary note of REMIT Implementing Act adoption meeting

The European Commission have finally published this summary note of the commitology meeting that took place on 3rd October. It does not seem to contain all of the details of the timeline, which has been reported here, but it does state that:

  • The act is agreed to be adopted
  • There is likely to be a longer lag between adoption and the deadlines
  • There are translation difficulties in the Act.

The industry awaits further public official announcements.

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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