Regulatory Alerts2020-12-31
Added · Updated
Securities Financing Transactions Reporting following the end of UK Transition Period on 31 December 2020
Counterparties currently using a UK Trade Repository must finalize onboarding with an ESMA-Registered Trade Repository by 31 December 2020 to ensure continuous reporting of Securities Financing Transactions under Article 4 of SFTR. From 1 January 2021, EU counterparties become responsible for reporting SFTs previously handled by UK financial counterparties, unless equivalence conditions under Article 4(1a) apply. The document references an updated ESMA public statement from 10 November 2020 providing clarifications on these reporting obligations.
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