The European Commission has set the go-live date for SFTR from Q2 2020.
The European regulation, which aims to increase transparency across Securities Financing Transactions (SFTs), requires market participants to report all SFTs to an approved Trade Repository (TR).
With over 150 data fields included, much of this data impacting trading desks and operations teams, it is crucial for firms impacted by SFTR to improve and gain control over the quality of their data ahead of the implementation date.
The staggered Reporting go-live timeline:
- Q2 2020 – Credit Institutions and Investment Firms
- Q3 2020 – Central Counterparties (CCPs) and Central Securities Depositories (CSDs)
- Q4 2020 – Pension Funds and UCITS
- Q1 2021 – Non-Financial Counterparties