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 collection of nearly 50 SFTR sample reports, an overview of repo life-cycle event reporting, as well as ICMA’s SFTR Quick Guide which aims to map and summarise the ICMA Recommendations. These additional best practice documents are available to ICMA members and can be accessed through 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 latest public edition of the document was released on 23 September 2022.
- ICMA Recommendations for Reporting under SFTR (last updated: 23 September 2022)
- Blackline version (showing all changes compared to the previous version published on 21 October 2021)
For further information about ICMA’s work in relation to SFTR, please check the main SFTR webpage or contact us.
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
Associate, Market Practice and Regulatory Policy
Direct line: +44 20 3617 8993