Reports EU Regulations REMIT Reporting Services & Solution | Page 72

ABOUT REGIS-TR Comprehensive REMIT reporting solutions The European trade repository REGIS-TR now offers services for REMIT, allowing clients to meet both their EMIR and REMIT reporting obligations in an efficient and secure way. Maintain a robust oversight process The Regulation on Energy Market Integrity and Transparency (REMIT) requires market participants to report wholesale energy market contracts within the EU via a Registered Reporting Mechanism (RRM). Standardised contracts on organised market places will need to be reported from 7 October 2015 onwards, whereas the REMIT reporting obligation for all other contracts will enter into force on 7 April 2016. Trading across multiple organised market places (OMPs) and on a bilateral basis makes it difficult to meet these reporting requirements efficiently. By delegating reporting requirements to various OMPs, market participants risk facing issues in terms of data management, monitoring and reconciliation. Non-compliance risks may also arise as OMPs do not have access to all reportable data such as lifecycle events/modifications as well as non-standard contracts. How can we help? Reporting through Regis-TR offers you multiple benefits, whether you are a reporting participant, reporting on behalf of market participants, or a non-reporting party delegating reporting: Integrated reporting solution REGIS-TR covers reportable data under REMIT including transactions, filled and unfilled orders, standard and nonstandard contracts as well as historical data backloading. Regardless of the source and file format, reporting entities can easily transmit files to REGIS-TR via multiple connection options (SOAP API Web service, sFTP and manual upload). All transmitted data will be normalised, enriched, formatted and validated by REGIS-TR to ensure timely and successful submission to ACER. Enhanced customer experience through a single application REGIS-TR’s reporting portal provides a clear and easy way to monitor all reportable trade activity via a single interface. Thanks to a customisable dashboard, users can check data on demand, monitor their reporting status in real-time and handle exceptions in an efficient manner. The web-based interface grants secure and seamless access to the platform with no additional hardware or software requirements. Mitigated market fragmentation Interoperable links between REGIS-TR and leading OMPs/RRMs such as EEX, Gaspoint Nordic, Powernext, Trayport and EFETnet enable market participants to benefit from direct reporting from their OMPs to REGIS-TR, providing a single consolidated view of all reporting activity. Covering all your reporting needs As an approved TR and RRM, REGIS-TR is uniquely positioned to offer you regulatory reporting solutions for EMIR and REMIT. In line with its aim of becoming a leading European integrated solution for regulatory reporting, REGISTR will support future European regulatory reporting requirements, thereby ensuring minimised client effort and compliance with all regulations across jurisdictions.