III.2.30.

The RRM Application Form requests the details of a person responsible for compliance of the RRM. What are the responsibilities of this person and is he/she personally liable e.g. for any RRM failures to comply with REMIT?

Answer: With regard to the person responsible for the RRM compliance, such person shall be responsible for the process of RRM registration and reporting. A potential personal liability of this person is governed by the relevant national law applicable for the RRM.

Please note that, by 8 May 2025, the European Commission is expected to adopt a delegated act further detailing the authorisation and supervision of RRMs. A new authorisation process is foreseen which will replace the current registration process.