Securities market operator Deutsche Börse has announced that regulatory reporting specialist Cappitech will be joining its REGIS-TR European trade repository joint venture.

REGIS-TR is a joint venture of Clearstream (Deutsche Börse Group) and Iberclear (BME Group).

Reflecting the already close collaboration, DB said that the official partnership will see a continuation of the common work across EMIR, FinfraG, SFTR and UK EMIR regulation, underpinned by REGIS-TR’s and Cappitech’s services complimenting one another to deliver a streamlined, end-to-end service to all clients. Cappitech’s compliance platform automates the reporting process, providing a full view on a single dashboard for reporting regimes across Europe.

”We are delighted to formally welcome Cappitech, a leading provider of regulatory reporting solutions, into our partnership programme,” said Nick Bruce, Head of Business Development at REGIS-TR. “They are a significant addition to the existing list of market intermediaries that we closely collaborate with to deliver flexible, client centric solutions, which is increasingly important at a time when market participants face the significant challenges of new and changing regulations, as well as provider consolidation. This partnership comes shortly after the third leading EU trade repository withdrew their licence, and both REGIS-TR and Cappitech look forward to ensuring a smooth transition process for impacted clients who will be required to switch TR.”

Ronen Kertis, CEO of Cappitech said: “We are pleased to partner with REGIS-TR who have substantial EU coverage for EMIR, SFTR, and FinfraG; bringing value to our clients with those reporting obligations. Our connectivity with multiple trade repositories offers our clients the ability to decide which end point they want to report to and provides the flexibility needed especially given recent changes in this space.”

REGIS-TR is a leading European trade repository offering reporting services covering all the major European trade repository obligations. In accordance with legislation promoting market transparency, the detail of the trades reported is aggregated to present a composite view of current positions for the benefit of regulatory authorities and market participants. REGIS-TR is open to financial and non-financial companies and institutions.