A registered market participant would like to report its non-standard contracts. Does this entity need to register as an RRM and fulfill all criteria concerned in order to be able to report its contracts: (a) for itself and (b) on behalf of its counterparties?
Answer: If a market participant intends to report directly its non-standard contracts (for selfreporting purposes and/or to offer reporting services to others), it should indicate this in the electronic registration form when registering as a market participant with the competent NRA (Section 5 of the registration form ‘Intention to become a Reporting Entity’). The RRM registration process will then begin directly from there. The market participant is required to fulfil all criteria for the RRM as specified in the RRM Requirements document, and by becoming an RRM it will be subject to the application of REMIT fees in accordance with the Commission Decision (EU) 2020/2152 (REMIT Fee Decision).
Commission Decision (EU) 2020/2152 of 17 December 2020 on fees due to the European Union Agency for the Cooperation of Energy Regulators for collecting, handling, processing and analysing of information reported under Regulation (EU) No 1227/2011 of the European Parliament and of the Council.