REGIS-TR to become repository for FinfraG-Reporting
REGIS-TR today announced that they have submitted a letter of intent to the Swiss regulatory authority FINMA to become a recognised foreign trade repository in Switzerland. This will allow market participants to use REGIS-TR to report derivatives trades as required under the Swiss FinfraG regulation.
We expect our clients and of course other Swiss entities to be able to use our platform and service to report all trades that will not be reported by their counterparties (e.g. foreign banks).