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REGIS-TR UK Limited has received its full UK European Market Infrastructure Regulation (EMIR) license from the Financial Conduct Authority (FCA).
REGIS-TR set up the UK-based trade repository (TR) in the UK in March 2019 and has been providing UK EMIR regulatory reporting services since 4 January 2021, the first business day after Brexit.
Opening the TR was part of REGIS-TR’s wider effort to ensure a continuous service for UK clients and market participants after Brexit.
REGIS-TR says it remains committed to ongoing exponential growth and evolution of its business, both in the UK and the European Union.
John Kernan, CEO of REGIS-TR UK, says: “We have had a successful start to UK EMIR reporting since it began in January 2021, and we are delighted to be the first TR to receive our full license from the FCA.”
He adds: “In the interest of stability for both our clients and the market, it was a natural expansion of REGIS-TR to set up a TR in the UK prior to Brexit and we have also been pleased to see how our offering has resonated with new clients as well as existing ones. We are looking forward to continuing this growth with a full license.”
