REGIS-TR approved as Registered Reporting Mechanism for REMIT
REGIS-TR was the first trade
repository to engage in ACER’s pilot project to provide transparency and
address the issue of 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."
About REGIS-TR
REGIS-TR is a central trade repository for
derivatives transactions across multiple product classes. It facilitates
administrative tasks and helps improve the operational management of
these transactions. REGIS-TR collects and administers details of
derivatives transactions reported by users, giving market participants
and regulators access to an unprecedented consolidated view of these
derivative positions.
REGIS-TR complies with all new regulatory
proposals that have been made public to date and serves both financial
and non-financial institutions. The trade repository delivers flexible
participation levels that adapt to the diverse profiles and needs of all
stakeholders and actors in the derivatives market.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 address the
issue of 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."
About REGIS-TR
REGIS-TR is a central trade repository for
derivatives transactions across multiple product classes. It facilitates
administrative tasks and helps improve the operational management of
these transactions. REGIS-TR collects and administers details of
derivatives transactions reported by users, giving market participants
and regulators access to an unprecedented consolidated view of these
derivative positions.
REGIS-TR complies with all new regulatory
proposals that have been made public to date and serves both financial
and non-financial institutions. The trade repository delivers flexible
participation levels that adapt to the diverse profiles and needs of all
stakeholders and actors in the derivatives market.
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