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REMIT

ACER issues FAQ on fundamental data and inside information reporting

ACER have issued a Frequently Asked Questions document on fundamental data and inside information reporting reporting under REMIT, on the morning of April 1st, less than one week before the fundamental data reporting deadline. The document can be found here.

Market Participants must report fundamental data of three different types:

  1. Gas balances in store
  2. LNG unloads and reloads
  3. LNG next month planned unloads and reloads

Reports for the first two categories must be submitted no later than the following working day, and for the third before the movements occur. There has been very little guidance on how to report these formats other than that contained in the REMIT Manual of Procedures(MoP) on Data Reporting. The FAQ provides an answer to one question only on the above topics (on page 11, both questions being the same).

New rules regarding how to publish inside information come into operation on 1st January 2017. They are also covered by the FAQ and the MoP.

Latest RRM approval list

ACER have also updated the list of approved RRMs by data type, which can be found here.

 

 

 

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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