30 November 2017
Reporter: Jenna Lomax

Deutsche Borse approved by BaFin as ARM and APA

BaFin, the German Federal Financial Supervisory Authority, has approved Deutsche Boerse Approved Reporting Mechanism (ARM) and Approved Publication Arrangement (APA) as compliant with the second Markets in Financial Instruments Directive (MiFID II).

The approval means that Deutsche Boerse’s regulatory reporting hub (RRH) can offer ARM and APA services from 3 January 2018.

Through its RRH, Deutsche Boerse can offer clients regulatory reporting services that include commodity position reporting and systematic internaliser solutions.

Deutsche Boerse gave current clients access to a pilot programme for a period of 12 months prior to its BaFin approval, which provided access to the RRH.

The financial service launched a European Market Infrastructure Regulation (EMIR) reporting solution as the first service of the RRH which took effect on 1 November 2017.

Georg Gross, head of regulatory services at Deutsche Boerse, said: “We are very pleased with the approval from BaFin.”

He added: “As part of our strategy to provide regulatory infrastructure, we will continue to add further features and services to our offering. In the short term, the on-boarding of more than 2,000 investment firms from all over Europe to our platform is our key focus.”

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