Regnology has successfully acquired CG3-1, a firm noted for its regulatory calculations for the USA broker-dealer market.
CG3-1, established in 2018, is renowned among US broker-dealers for ensuring compliance with regulatory requirements such as SEA 15c3-1, SEA 15c3-3, and FINRA Rule 4210.
The acquisition aims to broaden Regnology’s footprint in the US market, offering specialized solutions that encompass regulatory capital, customer reserve, and portfolio margin requirements for broker-dealers. This strategic integration is poised to significantly enhance CG3-1’s offerings by incorporating Regnology’s comprehensive regulatory reporting capabilities, thus expanding its value chain to include end-to-end reporting solutions like the FOCUS report, automated data sourcing, and improved workflow efficiency.
Regnology stands out as a leader in the development of regulatory reporting software, providing advanced solutions that help financial institutions manage compliance with global regulations efficiently. Their platform offers a robust suite of tools designed to streamline the complexities of regulatory reporting and ensure accurate and timely compliance.
CG3-1 has quickly established itself as a key player in the RegTech field by delivering precise regulatory calculations and compliance tools to broker-dealers across the United States. Their solutions are highly regarded for their accuracy and reliability in meeting stringent regulatory standards.
The union of Regnology and CG3-1 is expected to deliver considerable benefits to clients of both companies by enhancing product offerings and customer service. This integration aligns with Regnology’s continued growth strategy and its goal to establish a dominant global presence in the RegTech and SupTech markets.
Regnology Head of M&A, Bobby Rahman, expressed enthusiasm about the acquisition: “We are excited to continue with our acquisition strategy and bring CG3-1 under the Regnology umbrella. This move further solidifies our market position, and we look forward to announcing further acquisitions soon as we strive to become the global reference for RegTech and SupTech.”
Regnology CEO, Rob Mackay, noted the strategic value of CG3-1: “We have long admired CG3-1’s leadership and the recognition they gained serving Tier 1 clients. Their calculation tools are recognized as the best available and will be a valuable addition to our product portfolio, enabling us to enhance our regulatory offerings for the North American market.”
CG3-1 President, Charles Greiner III, commented on the benefits of the integration: “We are incredibly excited about this integration with Regnology. CG3-1 is the preeminent provider of regulatory capital (SEA Rule 15c3-1) technologies within the U.S. and working with Regnology will create significant value for existing CG3-1 clients, the moment this transaction closes. The Regnology platform will create enterprise grade business continuity and enterprise grade security around the CG3-1 product line. Moreover, the knowledge and expertise of the Regnology team will empower CG3-1 to expand our SEA Rule 15c3-1 and 15c3-3 offerings.”
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