SFTR

Trade Reporting – The gift that keeps on giving

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by Alan McIntyre, Industry Relations Lead

I attended an industry event on the EMIR RTS ReWrite recently and the main presenter was discussing the continuing pace of change. The changes being discussed include the RTS ReWrite, MiFIR, SFTR and the significant scope of these changes. He quipped that, “as a contractor once said to me, it’s the gift that keeps on giving!”. I smiled to myself as I was reasonably sure that contractor was me.

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Article: “What a year: MiFID II/MiFIR, EMIR RTS, SFTR and SEC SBS”

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The most recent edition of the Journal of Securities Operations & Custody (Volume 9 Number 4) features an article by Lloyd Altman entitled “What a year: MiFID II/MiFIR, EMIR RTS, SFTR and SEC SBS”.

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Could EMIR reporting change? Articles and information on trade reporting under EMIR, MiFID, SFTR and FinFrag

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There has been a great deal of discussion on the future of EMIR following the EMIR review in 2015. Some of this has focused on whether the reporting of trades under EMIR should move to a one sided model, or possibly one with “enforced delegation” when a financial counterparty trades with a “small” non financial.

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Final report on SFTR issued by ESMA

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ESMA have issued a final report on the Securities Finance Transaction Reporting rules, which can be found here. The associated press release is here. SFTR will require all market participants to report “securities financing” transactions, which includes commodities lending, to Trade Repositories. Page 60 of the document, section 4.2.4.3 addresses some commodity specific issues.

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Article on regulatory change and architecture

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See here for an article by Ian Sutherland on The OTC Space about implementing regulatory change and technology. While the article is focused on banking , the energy and commodity sector is in the process of grappling with similar issues.

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EMIR, MIFIR, and SFTR – article by Alan McIntyre in “Rocket 9”

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2017 is shaping up as the year of regulatory compliance in Europe. Alan McIntyre’s article “Navigating The Waters of EMIR, MIFIR, and SFTR” in the recent edition of Rocket 9 from The OTC Space  lays out the technical and planning challenges, scope, and overlap between each of the three regimes.

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Regulatory reporting in 2017: What does good look like?

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The sheer number of overlapping regulatory reporting regimes makes compliance difficult. MiFID II, which comes into effect in January 2018, significantly expands the scope of transaction reporting. EMIR, which is a reporting regime for derivative transactions under the EU regulation on OTC derivatives, CCPs and trade repositories, came into effect on 10 April 2014. Reporting

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ISO 20022 Transaction Reporting for ESMA and MIFID II

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I’m doing the industrious people at the International Organization for ISO 20022 Transaction ReportingStandardization a disservice as it’s really ISO 20022 Transaction Reporting. But ISO 22 is catchier and requires far less effort than ISO Twenty Thousand and Twenty Two.

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What does 2017 have in store for us?

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For many, today is the first working day of 2017, which is also the original start date of MiFID II, before it was delayed by a year. With an eventful year behind us, what can we expect in the coming months, both on paper and in reality? Rules There is one year to go until … Continue reading →

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Harmonised transaction reporting: probable or impossible?

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Transaction reporting can be a difficult regulatory requirement to get right and compliance can be even more complicated due to multiple overlapping transaction reporting regimes, which all serve slightly different purposes and have varying structures. This article looks at the transaction reporting requirements under four key regulations: MiFID II, EMIR, REMIT and SFTR. The first

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