Two requirements of REMIT II start today:

• Professional Persons Executing Transactions to submit Suspicious Transaction or Order Reports (STOR).
• Market Participants based outside the EU must appoint an EU representative.

More information can be found here. Information about the REMITREP service launched by Correggio Consulting and ETR Advisory can be found here.

UK CBAM

The UK version of the Carbon Border Adjustment Mechanism(CBAM) has been announced as starting in 2027. The announcement and details can be found here. In contract to the EU version the UK one does not include electricity. The EU version is currently in its “pilot” reporting only phase with the full version due to start in 2026.