ACER yesterday published several new and updated documents related to REMIT:
ACER has published an evaluation of responses to the consultation run on the revision of electronic formats for transaction data, fundamental data and inside information reporting. It can be found here. The document announces that changes to the REMIT reporting formats can be expected in Q4 2019 and 2020. The document goes through each proposed change and makes comments about the responses from different parties. The consultation took place in 2017 (see here), with relevant meetings in 2018. The list of documents and all responses can be found here.
An updated FAQs on fundamental data and inside information collection has been issued, which can be found here. There are updated and new answers on inside information disclosure and also some fundamental data issues such as the reporting of gas in store.
The generation algorithm and associated guidance used to create Unique Transaction Identifiers (UTIs) under REMIT has been updated. The old algorithm will stop being supported from April. The generators and associated documentation can be found here. UTIs are used to “pair” reported transactions, including bilateral transactions, where a record must be submitted by both parties. The generator can be used by both counterparties to determine the UTI without the need for one party to communicate it to the other. The generator compromises algorithms that use some of the trade attributes as parameters and use a hashing algorithm to generate the UTI. In order for it to work, each party must use the same parameters.