Trade repositories eye Remit opportunity
Some of the entities backing trade repositories for over-the-counter derivatives are also making clear their intention to become registered reporting mechanisms (RRMs) under the European Regulation on Wholesale Energy Market Integrity and Transparency (Remit), in a development that is likely to be welcomed by market participants.
Remit entered into force in December 2011 and is aimed at curbing market manipulation and insider trading across gas and electricity markets in the European Union (EU)
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