Firms captured by SFTR should engage with their relevant trade associations
By Chris Dingley, head of sales at
In the new world of enhanced market
transparency and best practice, it seems that no financial
product is untouched by new regulation.
The Securities Financing Transactions
Regulation (SFTR) adds another layer of reporting obligation
onto both financial and non-financial counterparties. As with
European Market Infrastructure Regulation (Emir), Mifir, SFTR
will impact firms previously beyond the scope of reporting,
such as asset managers and insurers who lend securities and
hedge funds and prop traders that borrow them.
The draft regulation (see implementation
timetable below) requires reporting parties to report
Securities Financing Transactions (SFTs) to authorised Emir
Trade Repositories for direct and immediate access to reported
data by National Competent Authorities (NCA).
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