ACER Publishes An Open Letter On REMIT Transaction Reporting Data Quality

The Agency published today an Open Letter on REMIT transaction reporting data quality. The purpose of the letter is to inform Organised Market Places (OMPs), Market Participants (MPs) and Registered Reporting Mechanisms (RRMs) that the Agency is conducting an assessment of the completeness, accuracy and timely submission of the data received under REMIT. The Agency’s review of the data submitted aims at helping MPs and OMPs to make sure that the data reported to the Agency is consistent with the REMIT transaction reporting requirements.

The Agency intends to liaise with RRMs for improving transaction reporting under REMIT. It is issuing this letter to inform all relevant parties well in advance of the ongoing checks on the quality of REMIT data received so far. The Agency is committed to ensuring high quality of transaction reports and will continue to focus specialist supervisory efforts on this in order further to advance its market monitoring capabilities.