The quality of software engineering projects often suffers due to the large gap between the way stakeholders present their requirements and the way analysts capture and express those requirements. With this problem in mind the new method for business rules driven IS requirements specification has been developed. In this paper the architecture of the requirements repository, which is at the core of the proposed method, is presented. The repository model supports the storage and management of all components of the captured requirements, including functions, business decisions, data sources, conceptual data model elements, business rules and their templates. The important aspects of the specialised requirements specification tool implementation are also overviewed.