KOR FINANCIAL | ATLANTA ― KOR Reporting Inc., a leading independent global derivatives regulatory platform known for its user-centric design and innovation, is pleased to announce that it has been granted a Securities Based Swap Data Repository (SBSDR) license by the Securities and Exchange Commission (SEC) for all asset classes and servicing all client segments. With this significant achievement, KOR became the second SBSDR in the market which supports all asset classes.

Authorization of our SEC license builds on KOR’s other global trade repository licenses in the US with the CFTC, with all Canadian authorities and Australia. The license reinforces the company's position as a trusted partner for financial institutions seeking to fulfil their SEC trade reporting obligations. Now operating the second largest portfolio of trades repositories, this registration builds on the confidence of the global regulatory community for KOR to meet the critical role of processing and storing regulatory trade reports.

“KOR’s combined SEC and CFTC licenses position us as only the second repository operator to offer full trade reporting coverage in the US under Dodd-Frank,” said Tara Manuel, Chief Compliance Officer at KOR. “This brings a vital choice to the US market for firms looking to improve their compliance and user experience."

KOR’s rapid message processing, insightful rejection responses, real-time rejection grouping, API access to reports and other data, advanced UI, fast onboarding, and user-centric design workflows have established a new standard for a high-performing trade repository. This US-SEC license further builds on KOR’s pursuit to operate trade repositories in all significant jurisdictions globally.

For more resources on the SEC license, please see the Notice of Commission Order from November 4th, 2024, or download the order here.