Regis TR launches new UK trade repository 13 March 2019London Reporter: Maddie Saghir
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REGIS-TR has launched a new UK trade repository (TR), REGIS-TR UK.
According to Regis TR, the new TR has its operational infrastructure firmly in place and is ready to provide full UK European Markets Infrastructure Regulation (EMIR) regulatory reporting services from the first business day after Brexit.
The Financial Conduct Authority (FCA) requires a meaningful presence for trade repositories in the UK in a post-Brexit world.
Additionally, with a focus on both Brexit and Securities Financing Transactions Regulation (SFTR) reporting, REGIS-TR is bringing in new senior regulatory staff to strengthen and expand its existing UK TR team.
The new company is based in the London offices of Clearstream, one of REGIS-TR’s parent companies.
REGIS-TR UK has invited UK entities with a reporting obligation and those that report on their behalf to contact it to discuss account models and test its regulatory reporting solutions in its free, no-obligation user test environment.
Elena Carnicero, CEO of REGIS-TR, said: “The UK will continue to be a major player in European and global finance. It is therefore key to maintain a continuous service for UK clients and to maintain the UK market.”
“Our overriding aim is for UK participants falling under EMIR requirements to receive seamless continuity of service when supervision is transferred to the UK. The FCA has been very helpful throughout the registration process, and we are looking forward to this new collaboration.”
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