REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME) trusts its submitted application for registration will benefit from the full guarantee of being accepted by ESMA. This is due to the comprehensive discussions REGIS-TR has been involved in with ESMA in order to verify the compliance, accuracy and completeness of its business offer. Consequently, it is confident it will obtain the license in the minimum period stipulated by the regulation and that ESMA is expected to start granting licenses from 25 June.
Obtaining the Trade Repository license for all asset classes in Europe promptly is just one of the key elements REGIS-TR is committed to delivering as part of its business proposition. REGIS-TR has supported the industry from the inception of the new reporting obligation derived from EMIR and is prepared to be able to cover the market’s needs during the upcoming and crucial onboarding process. REGIS-TR is in permanent contact with ESMA and performs an active educational role via its close proximity to the derivatives market's participants.
REGIS-TR was the first trade repository to offer a test environment fully designed to ESMA’s technical standards which is being widely followed and studied by the European derivatives community. Its focus on the European regulation, its flexible business model and the close support it is providing to both financial and non-financial entities of all sizes and nature, will facilitate a smooth onboarding process to this new trade repository infrastructure that is regarded as an essential link between the financial industry and the regulators' community.
