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Q&As on REMIT – Question III.2.2.

How can I become a Registered Reporting Mechanism (RRM)?


Answer:

To become a Registered Reporting Mechanism (RRM), the Agency has set up two distinct processes for potential applicants being either (i) market participant RRM or (ii) third-party RRM.

The major difference between market participant and third-party RRM registration lies in the fact that the first step of the Identification stage is handled via a separate path.

A. If applicants who are not market participants wish to establish themselves as RRMs, then they shall perform a third-party registration via the RRM Registration module that ACER has made available on the REMIT Portal. The registration is initiated through: https://www.acer-remit.eu/ceredp/home where the RRM Applicant will have to complete the first identification step and submits it for ACER’s approval.

B. Market participants shall first proceed with a market participant’s registration through their respective NRA. In the majority of cases, this is done via CEREMP. In certain cases this is done via other systems the NRAs have established to manage their market participants registrations under Article 9 of REMIT. At the last step of the market participants registration, the market participants have the option to either select to which RRM they delegate the responsibility of reporting on their behalf, or to indicate their ‘Intention to become a Reporting Entity’ (for self-reporting purposes and/or to offer reporting services to others), or both. In the case of CEREMP, this is done in Section 5 of the registration process.

As soon as the NRA approves this first Identification step in CEREMP, the market participants who have indicated their intention to become RRMs will receive an invitation to proceed to the 2nd step of the Identification stage.

From that point onwards all steps for the registration process are similar for all RRM applicants (market participants and third-parties). Please see a below diagram:

The Agency will ensure a proportionate treatment of the different categories of reporting parties throughout the registration process. This is especially the case for the attestation stage during which all reporting entities wishing to become RRMs shall submit documentation describing the procedures aimed at ensuring the timely transmission of data and their business continuity plan. When assessing compliance with these requirements, market participant RRM applicants are relieved from providing certain documents as specified in Section 5 of the RRM Requirements document. More information on the RRM registration process can be found here: https://www.acer-remit.eu/portal/rrm-registration-doc.

Last update: 31/07/2015   RSS_Icon Subscribe to this Page’s RSS