Eligibility Transaction Filtering

Eligibility Transaction Filtering

The eRR process must implement the ‘dual reporting’ exemption under REMIT that avoids the need to make a trade report under REMIT that is also eligible for reporting under EMIR (so long as the report is made to EMIR according to the terms of EMIR reporting).

Therefore the eligibility filtering rules defined here for must be applied in strict order: firstly the EMIR eligibility will be established by applying the rules set out in Regulatory derivation of filter criteria for EMIR above and if not eligible under these rules, only then will the rules set out in Regulatory derivation of filter criteria for REMIT be applied to the CpML message.

Note that the eRR eligibility filtering rules set out here are strictly limited to data received by the process in the CpML format only. Where data is received in an alternative format, such as ACER XML, then these filtering rules must do NOT apply. Any data received in the ACER XML format by the eRR process will not be subject to eligibility filtering, but processed as set out elsewhere in this document.
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For example, when submitting a CpML document intending to report for both REMIT and EMIR, the beginning lines of a report may look like the below:

<CpmlDocument>
    <Reporting>
        <Europe>
            <ProcessInformation>
                <ReportingRole>CP_Agent</ReportingRole>
                <EMIRReportMode>Report</EMIRReportMode>
                <REMITReportMode>Report</REMITReportMode>

You may then find the below in the audit trail:

CpmlDocument is not eligible for REMIT: [documentId=CNF_20210409_14123263@Axpo.com, documentVersion=1], BoxResult [dataStoreId=3704483763, action=PROCESSING, result=NO_REPORT]

Repository selected for: [documentId=CNF_20210409_14123263@Axpo.com, documentVersion=1, regime=EMIR, repository=REGIS-TR], BoxResult [dataStoreId=3704483765, action=PROCESSING, result=REPORT]

Here, the report is being forwarded for EMIR, but not REMIT. This will most likely either be because of the above rule, or due to the report not passing the eligibility filtering. More information can be located in the REMIT Standards (Untracked) on pages 29-34, found in our User Area.

Important: If a transaction is eligble for reporting under EMIR and REMIT, then the report is submitted under EMIR only. It is then the responsibility of the corresponding trade repository to make the information available to ACER as well.

If a transaction is not eligible for reporting under any regime, then the information submitted to the eRR Process is returned to the process user to be stored in the system of record. The eRR Process ends for such a submission.

[14:08] Schröder, Marco

So if a Trade is eliglbe for EMIR AND REMIT, we delegate this to the Repository

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