On July 24, 2015, the EU Agency for the Cooperation of Energy Regulators announced that it had approved the first five third-party Registered Reporting Mechanisms under the Regulation on wholesale energy market integrity and transparency, known as REMIT. From October 7, 2015, market participants must report their wholesale energy market transactions admitted to trading at Organized Market Places, including orders to trade, to ACER. Market participants must either be approved by ACER as an RRM or report through a third-party RRM to fulfill the obligation. Further reporting obligations come into effect on April 7, 2016, which will require market participants to report OTC standard and non-standard supply contracts and transportation contracts.
The announcement is available at: http://www.acer.europa.eu/Media/News/Pages/ACER-approves-first-third-party-Registered-Reporting-Mechanisms-and-invites-stakeholders-to-a-workshop-on-REMIT-implementat.aspx .
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