The Commission is consulting on measures it will adopt under the Regulation on Energy Market Integrity and Transparency (REMIT). The consultation focuses on implementing a transaction and data reporting framework to allow the Agency for the Cooperation of Energy Regulators (ACER) to carry out effective, EU-wide market monitoring. The consultation discusses the links between REMIT and the MAD, and the need for consistency and lack of duplication where a market participant or third party acting on its behalf has already fulfilled reporting obligations under MiFID or Regulation on OTC Derivatives, Central Counterparties and Trade Repositories (EMIR) requirements. It seeks comments on the scope and content of reporting requirements. The consultation closes on 7 December 2012. (Source: Commission Consults on REMIT Reporting Framework)