Aggregated News From Investment Management Regulators

ESMA – SFTR reporting regime sees successful first day

Report/Flag

Please complete the required fields.



The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has received reports from trade repositories (TRs) indicating that the first day of reporting by financial and no-financial market participants under the Securities Financing Transactions Regulation (SFTR), has gone smoothly.

Today, all four TRs opened their systems and start receiving and processing SFT data submitted by reporting firms. ESMA has not identified any major disruptions so far in the functioning of TRs. Over the coming days it will continue to monitor the availability of TR systems and data to both reporting firms and authorities.

Next steps

ESMA will continue to engage with market participants to clarify any remaining issues and will assess the need for further supervisory convergence measures to facilitate compliance with the new reporting requirements.

The focus of ESMA’s supervision will be on ensuring the availability of TR systems as well as resolving shortcomings in the quality of data provided by reporting entities to TRs. As with any new reporting regime ESMA expects that issues will be identified in the first months following go-live, in particular as reporting systems continue to be improved and stabilised.

A framework, implemented by ESMA, for monitoring and enhancing the quality of data available to NCAs, central banks and other authorities entitled to access transaction data under SFTR. ESMA will supervise the implementation of any corrective and/or remediation measures by TRs as well as coordinating targeted actions by NCAs towards reporting entities.

Source link

Regulator Information

Abbreviation: ESMA
Jurisdiction: ESMA

Recent Articles

Management Companies and Self-Managed Funds Quarterly Statistics

See a PDF of the Circular published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Surrender of Authorisation by Charles Cassano

This notice is to make the general public aware that Mr Charles Cassano requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of the authorisation which was issued to the

EIOPA calls for better value money in bancassurance warning to banks and insurers

The European Insurance and Occupational Pensions Authority (EIOPA) has today issued a warning to insurers and banks to address consumer protection issues related to sale of credit protection insuranc

Communiqué No. 73, CNBV completed the process for the TSJEP to join the SIARA

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

The Chairman of the Financial Supervisory Authority gives the keynote speech at the Fourth Insurance and Reinsurance Forum in Sharm El Sheikh

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

Get the latest from Regulatory.News in your inbox!

×