ESMA updates its SFTR Q&A to clarify reporting rules
01 February 2021 France
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The European Securities and Markets Authority (ESMA), has updated its questions and answers document for reporting guidance under the Securities Financing Transactions Regulation (SFTR).
The Q&A document was updated to clarify: reporting of events that were not duly reported on time and updates to records of outstanding SFTs by the trade repositories based on reports made by the counterparties.
It also addressed operational aspects concerning the reporting by financial counterparties on behalf of small non-financial counterparties (NFCs) pursuant to the Article 4(3) of SFTR.
The amendments relate to , marking the first revisions since 11 November 2020, before phase four of SFTR brought NFCs into the scope of the regulation last month.
The purpose of the document is to promote common supervisory approaches and practices in the application of SFTR in relation to regulatory data reporting topics.
It provides responses to questions posed by the general public, market participants and competent authorities in relation to the practical application of SFTR.
The document is aimed at competent authorities, entities and market infrastructures by providing clarity on the application of the SFTR requirements.
ESMA will continue to periodically review these questions and answers and update them where required.
Now read: SFTR Annual 2020
The Q&A document was updated to clarify: reporting of events that were not duly reported on time and updates to records of outstanding SFTs by the trade repositories based on reports made by the counterparties.
It also addressed operational aspects concerning the reporting by financial counterparties on behalf of small non-financial counterparties (NFCs) pursuant to the Article 4(3) of SFTR.
The amendments relate to , marking the first revisions since 11 November 2020, before phase four of SFTR brought NFCs into the scope of the regulation last month.
The purpose of the document is to promote common supervisory approaches and practices in the application of SFTR in relation to regulatory data reporting topics.
It provides responses to questions posed by the general public, market participants and competent authorities in relation to the practical application of SFTR.
The document is aimed at competent authorities, entities and market infrastructures by providing clarity on the application of the SFTR requirements.
ESMA will continue to periodically review these questions and answers and update them where required.
Now read: SFTR Annual 2020
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