ACER launches today a quarterly on REMIT for further guidance

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The first issue of ACER’s REMIT Quarterly published today provides guidance on the applications of REMIT and other transaction reporting issues. The REMIT Quarterly, to be published four times a year, will provide up-to-date guidance on definitions, present new common understandings of Transaction Reporting Manual and cover other transaction reporting issues.

Among other contents, this first edition presents a new Guidance Note that the Agency has produced with the aim to further clarify the application of the concept of a Person Professionally Arranging Transactions (PPAT). It furthermore presents the REMIT Reporting User Package in detail.

Once REMIT is fully implemented, ACER will be responsible for collecting and analysing wholesale markets and other relevant data to identify possible instances of market abuse. Find out more here.