16 January 2018
visit http://response.ncr.com

REGIS-TR approved as registered reporting machanism for Remit

26 August 2015  |  2241 views  |  0 Source: REGIS-TR

The EU Agency for the Cooperation of Energy Regulators (ACER) confirmed REGIS-TR’s status as Registered Reporting Mechanism (RRM) for the reporting of wholesale energy transactions.

This includes orders to trade to ensure coordination and consistency in monitoring activities under the European regulation on wholesale energy market integrity and transparency (REMIT).

REGIS-TR was the first trade repository to engage in ACER’s pilot project to provide transparency and reduce market abuse and manipulation by facilitating the reporting of financial derivatives, spots and orders in the wholesale energy market. The trade repository already counts numerous European energy utilities amongst its participants and processes large volumes of energy commodity derivatives.

As of 7 October 2015, REGIS-TR will support market participants and third parties in reporting standardised products in phase one of the REMIT implementation. The reporting of non-standardised products will follow in phase two on 7 April 2016.

David Retana, Managing Director at REGIS-TR, commented: “We are proud to be approved as Registered Reporting Mechanism for REMIT reporting. Several leading market participants are already testing the service, and others have shown significant interest in a single consolidated view on their REMIT trading activity. REGIS-TR is now the only RRM to offer a full REMIT RRM service, encompassing interconnectivity with a number of leading OMPs and providing a full reporting service for non-standardised contracts for April 2016. Already the pre-eminent trade repository for EMIR, we are also in the process of extending our offering to include MiFID II/MiFIR, Securities Finance Reporting and FinfraG, the Swiss equivalent of EMIR. RRM approval is another important step towards becoming the one-stop shop for trade reporting.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
10801 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9584 views comments | 14 tweets | 31 linkedin
Transferwise ships borderless debit cardTransferwise ships borderless debit card
9236 views comments | 13 tweets | 22 linkedin
Ripple surge makes waves in stock marketRipple surge makes waves in stock market
8963 views comments | 12 tweets | 9 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
8417 views comments | 17 tweets | 18 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job