REGIS-TR, the European trade repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME), has been granted the trade repository authorisation by the European Securities and Markets Authority (ESMA).
The new status represents a milestone in the history of the company and follows comprehensive discussions with ESMA in order to verify the compliance, accuracy and completeness of REGIS-TR’s business offer.
David Retana, Managing Director of REGIS-TR, said: “Receiving the trade repository authorisation from ESMA is a key milestone for us on our journey towards being able to enable European customers to fulfil their reporting obligations in Europe, via our trade repository. The ESMA license is important in that it shows our commitment to our prospective customers and confirms REGIS-TR is fully compliant with the EMIR rules and the ESMA technical standards”.
Following today’s authorisation from ESMA, trade reporting in REGIS-TR is currently on track to begin in February 2014.
As part of REGIS-TR’s business proposition, customers will be able to report their trades through a user-friendly and efficient trade repository solution for the reporting of all their derivatives trades in the EU, as required under the European Market Infrastructure Regulation (EMIR), as well as complying with requirements stemming from other regulations such as the Market in Financial Instruments Directive (MiFID) and the regulation on wholesale energy market integrity and transparency (REMIT).
In addition to its core reporting and reconciliation service, REGIS-TR will deliver a full range of streamlined value-added services well beyond regulatory compliance, such as reconciliation services, links to exposure management solutions and third-country domestic solutions, which enable efficient and cost-efficient reporting of assets.
REGIS-TR is a central trade repository for derivatives transactions across multiple product classes. REGIS-TR facilitates administrative tasks and helps improve the operational management of these transactions. For the contracts entered, REGIS-TR offers services including data management and positions´ reconciliation.
REGIS-TR collects and administers details of derivatives transactions reported by users, giving market participants and regulators access to a consolidated global view of these derivative positions, an overview that was not available until now. REGIS-TR complies with all new regulatory proposals that have been made public to date and serves both financial and non-financial institutions. The trade repository aims to deliver flexible participation levels that adapt to the diverse profiles and needs of all stakeholders and actors in the derivatives market.
Further information: www.regis-tr.com