DTCC Collaborates with REGnosys to Support ISDA Digital Regulatory Reporting

DTCC announced that it is working with REGnosys to support industry adoption of the ISDA Digital Regulatory Reporting (DRR) solution and aid compliance with forthcoming global derivatives trade reporting rewrites. The ISDA DRR establishes a golden-source interpretation of market practices and trade reporting logic, developed through industry consensus. Through this collaboration, REGnosys’s Rosetta, the ISDA DRR-native regulatory reporting platform, is connecting to the testing environment of DTCC’s Global Trade Repository (GTR) service. The connection enables the reliable testing of trade reporting submissions made using the ISDA DRR to confirm that submissions are accepted as valid by DTCC’s GTR in support of evolving trade reporting requirements. DTCC’s GTR users will benefit from the solution’s alignment with the industry consensus interpretation of the rules captured in the ISDA DRR. The first phase of the collaboration between DTCC and REGnosys included testing and support for firms looking to leverage the ISDA DRR for trade reporting requirements related to regulatory amendments introduced by the Japanese Financial Services Agency (JFSA) and under the EU’s European Market Infrastructure Regulation (EMIR). The next phase of the development efforts to support rule changes under UK EMIR and by the Australian Securities and Investments Commission (ASIC) and Monetary Authority of Singapore (MAS) is currently underway in the ISDA DRR and is expected to launch in April this year.