ESMA has approved the extension of registrations for four trade repositories (TRs) to include reporting for all types of securities financing transactions (SFTs) i.e. repurchase transactions, securities or commodities lending and securities or commodities borrowing transactions, buy-sell back or sell-buy back transactions and margin lending transactions.
The four TRs are already registered with ESMA as TRs for derivatives contracts under the European Markets Infrastructure Regulation (EMIR).
In its press release announcing the above, ESMA provided a background to SFTR as well as outlining some of the requirements of SFTR that a TR must demonstrate it meets in order to be registered. ESMA specifically highlighted the following:
- operational reliability;
- safeguarding and recording; and
- transparency and data availability.
To read ESMA’s statement please click here.
Compliance and Regulatory Consulting
Local and global compliance expertise for the financial services industry.
Expert compliance support for a variety of firms including hedge funds, private equity firms, wealth managers, corporate finance and broker dealers.
FCA Authorization Application for Financial Services
Comprehensive FCA Authorization support.
Comprehensive compliance and regulatory support for FCA authorized firms.
Senior Managers and Certification Regime (SM&CR) Consulting and Implementation Support
A comprehensive range of support and solutions to all firms and individuals subject to SM&CR.
Comprehensive compliance and regulatory support for EU firms.