Requested registry access is not allowed

We are getting an error because active reports seems to be trying to access the registry. The details are below
GrapeCity.ActiveReports.Web.Runtimes.RuntimeRegistry.RuntimeInfo.#A1A() at GrapeCity.ActiveReports.Web.Runtimes.RuntimeRegistry.b__5(KeyValuePair`2 kv) at GrapeCity.ActiveReports.Web.FunctionalExtensions.ForEach[T](IEnumerable`1 source, Action`1 action) at GrapeCity.ActiveReports.Web.Runtimes.RuntimeRegistry.#y1A() at GrapeCity.ActiveReports.Web.Runtimes.RuntimeRegistry.#dmz(IReportRuntime runtime, Guid token, Nullable`1 lifeProlongationTime, Int32 version) at GrapeCity.ActiveReports.Web.WebViewer.#Z0A(Object instance, #F0A prmtrs) at GrapeCity.ActiveReports.Web.WebViewer.OpenReport(Object reportObj, String reportName) at

We would rather not grant registry access to the networkservice account that the website is running under if we don’t have to and we also don’t want to run under the local service account because of security concerns.

The Active Reports version is 7.1.7470.0