The ICMA Recommendations for Reporting under SFTR aim to help members interpret the regulatory reporting framework specified by ESMA and set out complementary best practice recommendations to provide additional clarity and address ambiguities in the official guidance. The document has been developed over the past years based on extensive feedback from members of the ERCC’s SFTR Task Force which represents over 150 firms covering the whole spectrum of the market. The Guide is not an alternative to the regulatory texts and the practices set out therein are recommendations only. It will continue to evolve to reflect additional guidance from ESMA and/or the NCAs or changes in the market consensus in relation to a specific question or market practice.
The guide itself is supplemented by other best practice documents developed by ICMA, including a suite of SFTR sample reports and an overview of repo life-cycle event reporting (see links below). ICMA members moreover have access to a number of additional complementary best practice documents available on the ERCC SFTR Task Force members’ page (ICMA member login details required).
The initial version of the ICMA Recommendations for Reporting under SFTR was published on 24 February 2020. The fifth and latest public edition of the document was released on 29 October 2020.
- ICMA Recommendations for Reporting under SFTR (last updated: 29 October 2020)
- ICMA SFTR sample reports (last updated: 16 September 2020)
- Overview of repo lifecycle events reporting (last updated: 30 June 2020)
Contacts:
Alexander Westphal
Director, Market Practice and Regulatory Policy, secretary to the ICMA European Repo and Collateral Council and Committee (ERCC) and ERCC Operations Group.
Direct line: +44 20 7213 0333
Zhan Chen
Associate, Market Practice and Regulatory Policy
Direct line: +44 20 3617 8993