Regis-TR to open UK trade repository 11 December 2018London Reporter: Becky Butcher
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Regis-TR has set up a trade repository in the UK.
Domiciled in Luxembourg, Regis-TR will set up the infrastructure and open an office in order to maintain a service for UK clients.
The UK trade repository is expected to be operational in the next few weeks, pending approval by the regulator.
Elena Carnicero, CEO, Regis-TR, said: “In the interest of stable markets and business continuity it is paramount for us that we meet our UK clients’ needs and ensure a smooth transition for all of our clients. To that end, we will provide close guidance, and will make sure clients can meet their testing requirements. That’s why we decided in a timely manner, well before the UK leaves the EU, to set up a trade repository in the UK.”
Carnicero added: “Working across multiple jurisdictions is familiar territory for us because Regis-TR is the only trade repository with approval for both the European Market Infrastructure Regulation and the Swiss market regulation FinfraG.”
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