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REMIT, Uncategorized

RRM approvals continue

While it has now been several weeks since off venue REMIT reporting commenced, RRM approvals continue. The list published by ACER, which can be found here, continues to grow despite many applications being terminated, as outlined in the latest REMIT quarterly. At the same time, TGE have announced the approval of their RRM to accept more data types, including the types of fundamental data reportable by market participants.

The next and final deadline for REMIT reporting, that of backloading of off-venue contracts is now two weeks away. By this time, any contract which was struck and in effect on April 7th (i.e. delivery had not completed) must be reported. When such a contract is a “framework”, the act of backloading triggers the requirement to report child “executions”.

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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