PC_2014_R_05 & PC_2014_R_06 - Public consultation on ACER’s Transaction Reporting User Manual (TRUM) and RRM Requirements for transaction reporting under REMIT

​​​​In July 2014 the Commission presented a draft of the implementing acts (the ‘draft Implementing Acts’) to be adopted pursuant to Article 8 of Regulation (EU) No 1227/2011 on wholesale Energy Market Integrity and Transparency (‘REMIT‘).

​Transaction Reporting User Manual (TRUM)

The draft Implementing Acts provide that the Agency for the Cooperation of Energy Regulators (the ‘Agency’) shall explain the details of the reportable information referred to in Article 4 of the draft Implementing Acts in a user manual. On this basis, the Agency is currently preparing a Transaction Reporting User Manual (TRUM), in which the details of the reportable information will be explained.   According to the draft Implementing Acts, the reporting obligation under Article 8 of REMIT will start applying six months after the entry into force of the Implementing Acts only as regards transactions, including orders to trade, in relation to standard contracts and to derivatives related to those contracts. Therefore, the first release of the TRUM will focus primarily on explaining the details of the reportable information related to these transactions and orders to trade. Records of transactions in transportation contracts and non-standard supply contracts are also covered in the first release of the TRUM, but at a higher level. The TRUM will be expanded to give a clear and detailed explanation also on these  types of transaction reporting in due time before reporting obligations apply to these contracts.

​RRM Requirements

The draft Implementing Acts also provide that, in order to ensure efficient, effective and safe exchange and handling of information, the Agency, after consulting reporting parties, shall develop technical and organisational requirements for submitting data. The requirements shall foresee mechanisms: