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REMIT Phase 2 reporting day is here

Today is April 7th, the day on which REMIT phase 2 reporting starts. Most off venue trades under REMIT (with some exceptions) executed from today onwards must be reported by market participants to ACER using a Registered Reporting Mechanism (RRM). The list of approved RRMs by data type can be found here and includes third party RRMs and also those market participants who have been approved to become “self reporting” RRMs.

As reported earlier this week, the “go live” is phased, and has several milestones:

  • “Standard contracts” which are OTC versions of on venue transactions must be reported within a day of execution – i.e. from April 8th.
  • “Non Standard contracts” need to be reported within one month of execution – so the first possible deadline is in May.
  • “Back-loaded” contracts, i.e. those already open on April 7th, only need to be reported within 90 days of April 7th.

Any new information published over the course of the day will be reported on this blog as soon as possible.

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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