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REGIS-TR and EEX Group establish connectivity for REMIT reporting

Release date: 08 Jul 2015 | Clearstream

REGIS-TR and EEX Group establish connectivity for REMIT reporting

REGIS-TR, the joint venture between Clearstream (Deutsche Börse) and Iberclear (BME), has established a new collaboration with the European Energy Exchange (EEX), Gaspoint Nordic and Powernext. In this context, customers of the three energy exchanges are enabled to report data to ACER through the European trade repository to fulfill their obligations according to REMIT. EEX, Gaspoint Nordic and Powernext are members of EEX Group which is part of Deutsche Börse.

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) such as REGIS-TR. 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.

The REMIT reporting service of EEX, Gaspoint Nordic and Powernext allows trading participants to delegate their reporting obligations of transaction data to the three organised market places. This includes all relevant trades concluded on these exchanges or entered via the trade registration function, as well as orders. The service is complemented by the option to submit all those transactions to REGIS-TR, enabling market participants to benefit from a consolidated view on all of their reported data.

Irene Mermigidis, Managing Director at REGIS-TR, said: "We are pleased with the decision of EEX Group to connect to REGIS-TR in order to give their customers direct access to our reliable trade reporting services. We look forward to offering them the sophisticated quality of service they need to stay efficient in a world with increasing regulatory reporting requirements."

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 a consolidated overview of these positions.

REGIS-TR complies with all regulatory proposals that have been made public to date and serves both financial and non-financial institutions. Flexible participation levels cater to the diverse profiles and needs of all participants in the derivatives market.

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