ICMA ERCC releases updated SFTR reporting recommendations

 

ICMA ERCC Recommendations for Reporting under SFTR21 October 2021 The ERCC has today published an updated edition of the ICMA Recommendations for Reporting under SFTR.

The ICMA Recommendations were initially published in February 2020 to help members interpret the regulatory reporting framework introduced by SFTR and to set out complementary best practice recommendations which provide additional clarity and address ambiguities in the official guidance.

The updated Recommendations published today reflect recent updates to the SFTR validation rules and reporting schemas published by both ESMA and the FCA, other official guidance that has been released, in particular ESMA's Q&As, but also many lessons learned during the first year of SFTR reporting.

For ease of comparison, a blackline version has been published alongside the Guide itself which highlights all the changes that have been made compared to the previous public edition which was released in February 2021.

Going forward, the document will continue to evolve to reflect ongoing discussions in the ERCC SFTR Task Force as well as any additional guidance received from regulators. The ICMA Recommendations are supplemented by other best practice documents available to ICMA members, which include a collection of nearly 50 SFTR sample reports and an overview of repo life-cycle event reporting, as well as ICMA’s SFTR Quick Guide.
 
Further information and resources on SFTR reporting, including ICMA's recent analysis of the first year of data on repo from SFTR reporting are available on our SFTR webpage.
ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Brussels

T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
 
Copyright © 2021 International Capital Market Association.