The EEX Group has migrated its existing EMIR Trade Reporting Service to the platform for transaction data reporting according to REMIT in the framework of its regulatory reporting services.
As a result, it now offers a uniform interface for reporting services according to EMIR (European Market Infrastructure Regulation) and REMIT (Regulation on Wholesale Energy Market Integrity and Transparency).
On 7 October 2015, EEX Group introduced the option for its trading participants to delegate their reporting requirements under art. 8 REMIT to the exchange. This includes all power and natural gas market transactions concluded through the EEX, EPEX SPOT and Powernext exchanges or traded and submitted for clearing via the Trade Registration service. Since February 2014, ECC, the EEX Group clearing house, has offered its customers an EMIR Trade Reporting Service.
Moving forward, both reporting services will be provided via a harmonised infrastructure ensuring regulatory reporting according to REMIT and EMIR with automatic forwarding of data to authorities, such as ACER and EICom, as well as so-called Trade Repositories, such as Regis-TR. The new web-based user interface gives customers the possibility of directly accessing their reported data, carrying out status inquiries and separately downloading the data from an FTP server. As a result, data can be checked directly in the infrastructure of EEX Group in future – something which has required an account at the Trade Repository so far.
“The bundled reporting solutions optimise our offering with the aim of supporting our participants in fulfilling regulatory reporting requirements,” says Dr Thomas Siegl (pictured), Chief Risk Officer of ECC. “The new uniform interface gives our customers a higher level of confidence as well as improved control and security with regard to their EMIR and REMIT reporting requirements.”
