EU trade repository REGIS-TR and Cappitech, a regulatory reporting service provider, are collaborating to deliver a streamlined, end-to-end regulatory reporting service.
The firms say the partnership will link their complimenting services for the Securities Financing Transactions Regulation (SFTR), the European Market Infrastructure Regulation, and its UK iteration, along with Switzerland鈥檚 Financial Market Infrastructure Act (FinfraG).
Cappitech, as the latest connection to REGIS-TR鈥檚 partnership programme, aims to leverage its compliance platform to automate the reporting process and provide a full view on a single dashboard for reporting regimes across Europe.
Previous additions to REGIS's programme includes , US data analyst and regulatory solutions provider, which joined up to the Deutsche Boerse subsidiary to enhance its SFTR solution.
"We are delighted to formally welcome Cappitech, a leading provider of regulatory reporting solutions, into our partnership programme,鈥� says Nick Bruce, head of business development at REGIS-TR.
鈥淭hey 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.鈥�
The partnership comes after CME revealed plans to its European TR and NEX Regulatory Reporting, which was expected to offer an SFTR solution, in May. Firms previously signed up to use NEX for SFTR reporting or the CME鈥檚 TR鈥檚 services will now have to switch to a new provider at short notice.
REGIS-TR and Cappitech say they 鈥渓ook forward to ensuring a smooth transition process for impacted clients who will be required to switch TR鈥�.
Ronen Kertis, CEO of Cappitech, adds: 鈥淲e 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.
By partnering with TRs like REGIS-TR and Unavista, Kertis explains that Cappitech is able to offer clients 鈥渢he ability to decide which endpoint they want to report to and provides the flexibility needed especially given recent changes in this space.鈥�
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