On 18 November 2019, the Agency suspended the processing of pending applications for the registration of REMIT reporting parties due to its current shortage of resources. Any entity wanting to report transactions to the Agency can choose among the 120 existing RRMs, including third-party RRMs providing reporting services to market participants, to report on their behalf. The list of RRMs can be found below.
The Agency may resume the processing of applications once the necessary resources become available.
For reasons of operational reliability the Agency considers it necessary and appropriate that the reporting of records of transactions, including orders to trade, is performed through Registered Reporting Mechanisms (RRMs). The Agency has developed requirements to ensure the uniform reporting of both trade and fundamental data, which are to:
(a) ensure the security, confidentiality and completeness of information,
(b) enable the identification and correction of errors in data reports,
(c) enable the authentication of the source of information,
(d) ensure business continuity.
The Agency will assess whether reporting parties comply with the requirements.
Please be informed that the Agency carries out the registration process in accordance with the procedure outlined in the RRM Requirements document. This process may take 3 months or more to complete, depending on the availability of the resources of the Agency. Please note, however, that the accuracy of the documentation provided to the Agency by the RRM applicant may help to accelerate the process.
For detailed information see Article 11 of the REMIT Implementing Regulation and the RRM Requirements document.
Third-party RRMs are organised market places, trade matching and trade reporting systems, including trade repositories, as well as the ENTSOs for the reporting of fundamental data.
The current automatically created list of registered reporting mechanisms, which is accessible below, does not yet contain the data types chosen by the RRMs during the registration process. For transparency reasons, the Agency has decided to publish an additional list in Excel format where the data types for which the RMMs were approved are included. The Agency aims at updating the list on a weekly basis when new RRMs complete the registration process.
List of RRMs with data types