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Changes to REMIT Inside Information reporting as part of the GB Balancing and Settlement Code

Ofgem, the National Regulatory Authority of the Great Britain market, have recently issued this notice informing of the decision on how to achieve compliance with the upcoming changes to the REMIT rules around Inside Information publication, due to go into effect on 1st January 2017, the changes known as P329.

The decision is that both the BMRS and MODIS systems will remain in use (“P329 alternative”) for such reporting, for those who use these platforms. However the changes will not go live until June 2017, leaving a gap to be filled from the 1st January 2017 until go live.


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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