EACT response to ESMA consultation on draft Regulatory Technical Standards for the Securities Financing Transactions Regulation (SFTR)

The EACT has submitted a response to ESMA’s consultation on the draft Regulatory Technical Standards for the Securities Financing Transactions Regulation (SFTR), that mandates double-sided reporting for non-financial corporates entering into repo transactions.

The brief EACT response argues that given the difficulties with EMIR transaction reporting – on which the SFTR reporting is copied – all non-financial counterparties should be exempt from the reporting obligation.

Read the response here.