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The International Capital Market Association (ICMA) has released a sixth version of its guide to reporting under the Securities Financing Transactions Regulation (SFTR) to reflect enhanced advice from EU regulators on settlement fails and the conclusion of Brexit, among other amendments.
Compared to the previous version published on 29 October 2020, the updated edition defines the new dual regulatory environment created as of 1 January with guidance on both the UK and EU versions of SFTR.
The guide also incorporates the latest SFTR questions-and-answer document published by the European Securities and Markets Authority which brought much-needed clarity to several ambiguous reporting areas, including how to report fails and what to do if a counterparty does not supply a legal entity identifier.
ICMA’s European Repo and Collateral Council, which oversees the SFTR guide, has published annotated and clean copies to allow for an easy comparison between versions.
The guide is supplemented by other best practice documents developed by ICMA, including a suite of SFTR sample reports and an overview of repo life-cycle event reporting.
All of ICMA’s SFTR resources remain available to both members and non-members.
The council is committed to producing further editions as information becomes available.
Now read: SFTR the one-year review, with ICMA’s SFTR taskforce chair Alexander Westphal and the SFTR guide’s author Richard Comotto
