Assuming that a market participant uses the own company website as backup for the publication of inside information. What are the minimum data quality requirements for effective disclosure of inside information which apply in this case (for the backup solution)?

Answer: According to Article 4(1) of REMIT, market participants shall publicly disclose inside information which they possess in an effective and timely manner.

ACER believes that in order to achieve effective disclosure according to Article 4 of REMIT, the information shall be disclosed using a platform for the disclosure of inside information (Inside Information Platform or IIP), i.e. an electronic system for the delivery of information which allows multiple market participants to share information with the wider public and complies with the minimum quality requirements listed in Chapter 4.2.2 of the ACER Guidance on the application of REMIT.

In case an inside information platform is temporarily unavailable, market participants shall refer to the backup solution provided by the IIP, as indicated in Chapter 4.2.2 of the ACER Guidance on the application of REMIT.

In the light of the persisting exceptional circumstances triggered by the Covid-19 pandemic , ACER extended the possibility for market participants to temporarily publish inside information on their own corporate website as a backup solution until 31 December 2022[1]. No further extension shall be provided after this date.

Market participants using a backup solution shall provide information on the backup solution during registration, according to Article 9(5) of REMIT.

[1]As indicated in the Open Letter on the on the disclosure of inside information through Inside Information Platforms and corporate websites as a backup solution in case of platform unavailability of 14 December 2021.