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REMIT

Press release on REGIS-TR/EEX connection

See here for the press release officially announcing the connection between REGIS-TR and EEX for on venue REMIT reporting. This follows a confirmation of the connection last week.

Organised Market Places such as EEX are obligated to provide a data reporting agreement undertaking to report data that arose from their platform on behalf of market participants. However, in most cases there is a great deal of benefit in market participants routing all of their data to one place, so that reporting can be more easily managed.

The announced service allows users to elect to have EEX send all such data to REGIS-TR in their capacity as a REMIT RRM (registered reporting mechanism). REGIS TR will act as a “full RRM” for REMIT, i.e. they will accept any type of data from a variety of sources for forwarding to ACER under REMIT. This arrangement allows them to acquire the data directly from EEX on behalf of a market participant. Since REGIS TR are also an EMIR Trade Repository, it will be possible to use their facilities to meet a wider range of regulatory data reporting requirements.

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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