Market participants entering into transactions, which are required to be reported to the Agency, shall register with the relevant National Regulatory Authority (NRA). The requirement to register applies to any person, legal or natural.
NRAs shall establish national registers of market participants. This means that each NRA shall establish a registration system no later than three months after the adoption of the European Commission’s implementing acts, i.e. counting from 17 December 2014, in order to enable market participants to provide their registration information to that NRA.
NRAs can, if they wish, open the registration process to market participants also earlier. NRAs are free to use whatever system they consider most appropriate for their market.
The Agency has developed CEREMP in order to establish the European register of market participants. This system is also available to NRAs as a means for registering market participants in their own Member State.
The registration of market participants and the obligation to establish a national register of market participants is a responsibility of the NRAs. Market participants are requested to consult the NRA in the member state in which they are obliged or wish to register.