RegTek.Solutions has just added a pre-validation service, available to over 2,300 executing entities, which are using Deutsche Börse’s ARM (Approved Reporting Mechanism).
It adds enhanced testing and data quality remediation capabilities, as well as pre-submission validations, for all transactions destined for any of the 25 National Competent Authorities (NCA) to which Deutsche Börse is connected.
The service is pre-configured to incorporate regulators’ expectations on data format and content, and supports a broad range of validations including regulation-specific validations, repository acceptance criteria, messaging standards, enhanced quality validations and best practice. It also enables firms to write and customise their own proprietary rules, avoiding a one-size-fits-all scenario.
Pre-validation of data will result in fewer rejections, increased efficiency, cost savings and the ability to demonstrate more accurate reporting to the regulator.
For more information see https://www.marketsmedia.com/deutsche-regtek-solutions-up-reporting-ante/