Solien as an operator of REMITOR platform is registered RRM (Registered Reporting Mechanism) entitled to provide REMIT reporting services on behalf of the energy market participants. At the same time, the REMITOR platform is interconnected to the EMIR Trade Repository, enabling to fulfil reporting obligations in accordance with the EMIR Refit regulation for the area of commodity financial derivatives in particular.
The energy sector is influenced not only by green energy transformation process, but also by legal and regulatory requirements. The national and European authorities have introduced several rules and regulations that are constantly supplemented and amended in connection with market developments. For instance as Regulation (EU) No. 2024/1106 of the European Parliament and of the Council amending original Regulation (EU) No. 2011/1227 of the European Parliament and of the Council on wholesale energy market integrity and transparency (called as REMIT II). Or as of 29 April 2024 effective EMIR Refit in the field of financial market monitoring having an impact on energy commodity derivates. Foreseeing these challenges, Solien have endeavour to create a regulatory platform incorporating the technical components of energy regulations - REMITOR.
We provide our clients with modern approach how to fulfil regulatory requirements coming from REMIT II as well as EMIR Refit by using REMITOR tool. REMITOR is secured cloud-based platform, manageable solution with no associated hardware or maintenance costs, automatic scaling as required and complete disaster recovery including the software for reporting management. In the same time clients are welcome to ask for individual platform solution just fitting to their needs and scope of the business.
Report Process Management
REMITOR enables to see status of all reports in a very efficient and user friendly way. It enables to recognise any required measures that have to be taken.
Data Conversion
REMITOR enables automatic conversion of your trade or fundamental data into formats as required by ACER or ESMA.
Content Validation
Each and every report is checked before submission from schema point of view as well as from the validation rules point of view. Therefore REMITOR includes also content validation tools avoiding an invalid processing from ARIS (ACER Reporting Information System) side, alternatively Trade repository.
Data Submission
REMITOR is able to submit trade and fundamental data report via interfaces designated by ACER and Trade repository correctly signed and encrypted with required certificates and PGP key.
Outputs Management
REMITOR includes also a management tool for the ACER output messages as a part of REMIT reporting fulfilment evidence respectively as evidence of individually submitted report validation.
Non-stop operation
REMITOR services are available 24/7.
Reconciliation
In compliance with the EMIR regulation there is a need not only report financial derivates but also manage pairing and data reconciliation with a counterparty.
Information Security
REMITOR private cloud-based platform keep information security by a preservation of confidentiality, integrity and availability of information.
Simple backloading
Ability to backload all outstanding trade and fundamental data as required by REMIT obligations, alternatively those data being requested by ACER ex-post or Trade Repository.
Keeping updated
We keep REMITOR still updated from regulatory, technical and operational point of you to be sure that the reporting obligations of our customers are properly fulfilled.