III.2.37.

A registered market participant would like to report its non-standard contracts. Does this entity need to register as an RRM and fulfill all criteria concerned in order to be able to report its contracts: (a) for itself and (b) on behalf of its counterparties?

Answer: If a market participant wants to report directly its non-standard contracts (for self-reporting purposes and/or to offer reporting services to others), it should indicate this in the electronic registration form when registering as a market participant with the competent NRA (Section 5 of the registration form ‘Intention to become a Reporting Entity’) and initiate the RRM authorisation process. Please note that the authorisation of RRMs is outlined in Article 9a of REMIT and further details on the authorisation process and requirements on RRMs are expected to be introduced in a Commission delegated act by 8 May 2025.

Please note that market participants are not required to become RRMs for the purpose of reporting non-standard contracts as they can still use the services of third-party RRMs.