NEX Regulatory Reporting launches EMIR RTS Rewrite solution
August 11, 2017

NEX Regulatory Reporting, a NEX Group business which provides regulatory reporting services across global regulatory regimes, announces that it has launched a new solution to support the EMIR Regulatory Technical Standards (RTS) Rewrite. 

Due to come into effect on October 28, ESMA's EMIR RTS Rewrite aims to improve the transparency of the over-the-counter (OTC) derivatives market and reduce associated risks such as the mandatory clearing of some asset classes and the attribution of collateral against open positions, posted to secure these positions. 

NEX Regulatory Reporting has added the EMIR RTS Rewrite solution to its Global Reporting Hub to help clients meet regulatory compliance with the revised regime when it comes into effect in October 2017. An end-to-end solution, clients will connect once to upload their transaction data in multiple formats for data normalisation, enrichment, determination, reconciliation and validation before being delivered to the relevant regulatory end point. 

NEX says that Regulatory Reporting has provided EMIR services to its clients since the initial regime came into effect in August 2012. Of the 15 million transactions that NEX Regulatory Reporting processes per day, 7 million are EMIR transactions. NEX adds that based on recent ESMA data, this equates to roughly 20 percent of the average daily volume of all EMIR reportable transactions to ESMA. 

Collin Coleman, Head of NEX Regulatory Reporting, said: "The EMIR RTS Rewrite is currently being overlooked by much of the market with organizations focused on their MiFID II (markets in financial instruments directive II) obligations. The revised rules from ESMA significantly increase the level and complexity of reporting required by regulators and affect both existing reporting institutions as well as those that haven't yet had to report under EMIR. With the Rewrite looming, we encourage market participants to ensure they have a solutions provider in place now, to prevent a last-minute scramble towards the end of the year." 

NEX says that clients of Regulatory Reporting benefit from faster on-boarding, specialist consultancy and support, agile technology and global regulatory end point connectivity to help them stay fully compliant with all their EMIR and EMIR RTS Rewrite obligations. NEX Regulatory Reporting has applied to ESMA to become a European-based trade repository and expects approval in 2017. 

In addition, clients will be able to access NEX Infinity, a cloud-hosted software as a service (SaaS) platform which will provide access to all NEX Optimization services and those of selected third parties in one place. By utilizing this platform, clients will be able to connect once to access a variety of different services which will allow them to further enrich their trade and transaction data. 





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

NEX Regulatory Reporting, a NEX Group business which provides regulatory reporting services across global regulatory regimes, announces that it has launched a new solution to support the EMIR Regulatory Technical Standards (RTS) Rewrite. 

Due to come into effect on October 28, ESMA's EMIR RTS Rewrite aims to improve the transparency of the over-the-counter (OTC) derivatives market and reduce associated risks such as the mandatory clearing of some asset classes and the attribution of collateral against open positions, posted to secure these positions. 

NEX Regulatory Reporting has added the EMIR RTS Rewrite solution to its Global Reporting Hub to help clients meet regulatory compliance with the revised regime when it comes into effect in October 2017. An end-to-end solution, clients will connect once to upload their transaction data in multiple formats for data normalisation, enrichment, determination, reconciliation and validation before being delivered to the relevant regulatory end point. 

NEX says that Regulatory Reporting has provided EMIR services to its clients since the initial regime came into effect in August 2012. Of the 15 million transactions that NEX Regulatory Reporting processes per day, 7 million are EMIR transactions. NEX adds that based on recent ESMA data, this equates to roughly 20 percent of the average daily volume of all EMIR reportable transactions to ESMA. 

Collin Coleman, Head of NEX Regulatory Reporting, said: "The EMIR RTS Rewrite is currently being overlooked by much of the market with organizations focused on their MiFID II (markets in financial instruments directive II) obligations. The revised rules from ESMA significantly increase the level and complexity of reporting required by regulators and affect both existing reporting institutions as well as those that haven't yet had to report under EMIR. With the Rewrite looming, we encourage market participants to ensure they have a solutions provider in place now, to prevent a last-minute scramble towards the end of the year." 

NEX says that clients of Regulatory Reporting benefit from faster on-boarding, specialist consultancy and support, agile technology and global regulatory end point connectivity to help them stay fully compliant with all their EMIR and EMIR RTS Rewrite obligations. NEX Regulatory Reporting has applied to ESMA to become a European-based trade repository and expects approval in 2017. 

In addition, clients will be able to access NEX Infinity, a cloud-hosted software as a service (SaaS) platform which will provide access to all NEX Optimization services and those of selected third parties in one place. By utilizing this platform, clients will be able to connect once to access a variety of different services which will allow them to further enrich their trade and transaction data. 



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site