Public consultation on ACER’s Transaction Reporting User Manual (TRUM) and RRM Requirements for transaction reporting under REMIT

In July 2014 the Commission presented a draft of the implementing acts (the ‘draft Implementing Acts’) to be adopted pursuant to Article 8 of Regulation (EU) No 1227/2011 on wholesale Energy Market Integrity and Transparency (‘REMIT‘).
 

Transaction Reporting User Manual (TRUM)

The draft Implementing Acts provide that the Agency for the Cooperation of Energy Regulators (the ‘Agency’) shall explain the details of the reportable information referred to in Article 4 of the draft Implementing Acts in a user manual. On this basis, the Agency is currently preparing a Transaction Reporting User Manual (TRUM), in which the details of the reportable information will be explained.   According to the draft Implementing Acts, the reporting obligation under Article 8 of REMIT will start applying six months after the entry into force of the Implementing Acts only as regards transactions, including orders to trade, in relation to standard contracts and to derivatives related to those contracts. Therefore, the first release of the TRUM will focus primarily on explaining the details of the reportable information related to these transactions and orders to trade. Records of transactions in transportation contracts and non-standard supply contracts are also covered in the first release of the TRUM, but at a higher level. The TRUM will be expanded to give a clear and detailed explanation also on these  types of transaction reporting in due time before reporting obligations apply to these contracts.
 
RRM Requirements
The draft Implementing Acts also provide that, in order to ensure efficient, effective and safe exchange and handling of information, the Agency, after consulting reporting parties, shall develop technical and organisational requirements for submitting data. The requirements shall foresee mechanisms:
  1. to ensure the security, confidentiality and completeness of information,
  2. to identify and correct errors in data reports,
  3. to authenticate the source of information,
  4. to ensure business continuity.

For this purpose, the Agency is developing Requirements for registered reporting mechanism, RRMs.  The Agency shall assess whether reporting parties comply with the RRM Requirements. Reporting parties who comply with the requirements shall be registered as RRMs by the Agency.

This public consultation paper is intended to collect views from all parties interested in the implementation of REMIT (market participants, organised markets and other persons professionally arranging transactions, financial regulatory authorities, etc.) in particularly related to the TRUM and the RRM Requirements. 

Therefore, the Agency presents for public consultation two key documents:

The Agency invites all interested parties to provide comments to the consultation papers on the draft TRUM and the draft RRM Requirements, and especially answers to the consultation issues listed in the consultation papers, by 2 September 2014 12.00 noon, Central European Time, to Remit.PublicConsultations@acer.europa.eu. All comments received will subsequently be published on the Agency’s website.
In order to ensure transparency and full involvement of stakeholders, the Agency organised a public workshop in Ljubljana on 16 July 2014, from 12.00 to 16.30, to collect stakeholders’ views on the upcoming public consultation. A follow up workshop will be organised in October 2014. Please consult the Agency’s website to get the latest updates.

 


Evaluation of Responses

 

 


 

 Responses received for PC_2014_R_05 and PC_2014_R_06

 
  
  
A2A Trading_TRUM.pdfA2A Trading_TRUM
Association of German Stadtwerkes_RRM.pdfAssociation of German Stadtwerkes_RRM
Association of German Stadtwerkes_TRUM.pdfAssociation of German Stadtwerkes_TRUM
BDEW_TRUM.pdfBDEW_TRUM
DTCC_RRM.pdfDTCC_RRM
E.ON_TRUM.pdfE.ON_TRUM
ECT_RRM.pdfECT_RRM
ECT_TRUM.pdfECT_TRUM
EDF GROUP_RRM.pdfEDF GROUP_RRM
EDF GROUP_TRUM.pdfEDF GROUP_TRUM
EDF Trading_TRUM.pdfEDF Trading_TRUM
EFET_RRM.pdfEFET_RRM
EFET_TRUM.pdfEFET_TRUM
EFETnet_RRM.pdfEFETnet_RRM
ELEXON_RRM.pdfELEXON_RRM
EnBW_RRM.pdfEnBW_RRM
EnBW_TRUM.pdfEnBW_TRUM
Enegas_RRM.pdfEnegas_RRM
Enegas_TRUM.pdfEnegas_TRUM
ENTSO-E_TRUM and RRM.pdfENTSO-E_TRUM and RRM
ENTSOG_TRUM (2).pdfENTSOG_TRUM (2)
ENTSOG_TRUM and RRM.pdfENTSOG_TRUM and RRM
ETR Advisory_RRM.pdfETR Advisory_RRM
ETR Advisory_TRUM.pdfETR Advisory_TRUM
EURELECTRIC_RRM.pdfEURELECTRIC_RRM
EURELECTRIC_TRUM.pdfEURELECTRIC_TRUM
Eurogas_RRM.pdfEurogas_RRM
Eurogas_TRUM.pdfEurogas_TRUM
Europex_RRM.pdfEuropex_RRM
Europex_TRUM.pdfEuropex_TRUM
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