Regulatory Alerts2024-02-05 | C619CySEC Circular C619 on ESMA Guidelines on transfer of data between Trade Repositories under EMIR and SFTR
The Cyprus Securities and Exchange Commission issued Circular C619 to adopt ESMA Guidelines on the transfer of data between Trade Repositories under EMIR and SFTR. These guidelines establish consistent supervisory practices and standardized procedures for reporting counterparties and trade repositories to ensure data quality and continuity during voluntary portability or TR registration withdrawals. The circular mandates that regulated entities incorporate these requirements into their supervisory frameworks to prevent data duplication and facilitate seamless data transfers.
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