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REMIT

REGIS-TR REMIT FAQ published

REGIS-TR today published a Frequently Asked Questions document on their forthcoming REMIT offering. REGIS-TR have applied to be a Registered Reporting Mechanism under REMIT, and already act as a Trade Repository under EMIR. The document can be found here.

The FAQ gives quite a few details on how the RRM will work, including the fact that it will accept data in “ACER XML” format, i.e. the format specified by ACER in which  they will themselves receive data. This means that those planning on using the facility can use these specifications to start planning a solution.

In all likelihood, some other RRMs will also use the same format. The impact of many adopting the same format is that it will be easier for market participants to switch from one RRM to the other, or to become a direct sender to ACER themselves. Using an RRM that adopts this format therefore represents a lower risk solution path.

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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