Reports EU Regulations REMIT Reporting Services & Solution | Page 41

REMIT Reporting Services and Solutions - July 2015 updated March 2016 6.2.6.4 Communication with regulatory destination A regulatory package will offer built in and supported connections to different reporting destinations, such as EMIR Trade Repositories, REMIT RRMs, TR/RRMs and others such as Dodd Frank SDRs. In the case of REMIT the package will need at least one mechanism to send data to ACER, which could be via a dedicated adapter to an RRM, the support of a direct link to ACER (which would require the user to become an RRM themselves), by offering their own RRM service (which at least one vendor is offering) or another mechanism. One connection to a TR/RRM is also possible. By offering a connection to a specific destination, the vendor will need to undertake to support that destination going forward. Any change made by the destination will need to be supported by the package. The package will be able to support the specific language of the destination, turning whichever data is loaded into the correct set of events, whether in ACER XML or another, required by the destination. When considering a package, it is important to consider the destinations supported – if a package only offers certain destinations, the user will need to subscribe to that one and pay ѡ