GFMA and ISDA submit REMIT questions: The Global Financial Markets Association (GFMA) and International Swaps and Derivatives Association (ISDA) have written to ACER with a number of questions regarding the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT). Specifically they ask for:
- clarification on the scope of the obligation for Organised Market Places to offer a data reporting agreement “at the request of the market participant”;
- further clarification or guidance on the territorial scope of the reporting regime;
- clarification as to whether specific (listed) types of contract and event are within scope for the reporting regime. They request that ACER produce a document along the lines of the Q&A published by ESMA in relation to the reporting obligation under EMIR; and
- alterations to the format of the requirements in a handful of instances.