REGIS-TR UK begins post-Brexit reporting 04 January 2021UK Reporter: Drew Nicol
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REGIS-TR UK has started reporting under the on-shored European Market Infrastructure Regulation (EMIR) following the conclusion of the Brexit transition period on 31 December 2020.
Following the decision of the UK to leave the EU, REGIS-TR UK was incorporated on 11 March 2019 in London to maintain a continuous reporting service for the UK client base. It is based in the London offices of Clearstream, one of REGIS-TR’s parent companies.
The UK entity is led by John Kernan who took over as CEO in July.
Initially, REGIS-TR UK says it will focus its efforts on the UK EMIR with a view to continually expanding and adapting to market and client needs in the UK.
“REGIS-TR UK offers a highly competitive and efficient reporting service to all participants with a UK reporting flow,” says Kernan. “With the increased presence of regulatory reporting experts in our London office, clients will benefit from the best in class service support already associated with our sister company, REGIS-TR SA.”
Phil Brown, chairman of the board of directors of REGIS-TR, adds: “The UK continues to be a major player in European and global finance even when separated from the EU, and it is paramount that we maintain continuous and unified services for our UK clients and the market.”
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