Two new requirements will start on the 8th November as part of REMIT II:

• The requirement that non-EU Market Participants have a representative in the EU.
• The requirement for Professional Persons Executing Transactions to submit Suspicious Transaction or Order Reports (STOR).

ACER has recently issued an open letter on both of these topics (see here).

New fields have been added to the CEREMP database over the past days that permit affected Market Participants to specify their representative.

The REMITREP service set up by ETR Advisory and Correggio Consulting will hold a webinar tomorrow 30th October to cover the requirements and outline the service. Registration is available here.