ICMA ERCC publishes fourth edition of its SFTR recommendations
07 September 2020
The aim of the Recommendations is to help members interpret the regulatory reporting framework specified by ESMA and to set out complementary best practice recommendations to provide additional clarity and address ambiguities in the official guidance.
The ICMA European Repo and Collateral Council (ERCC) has published today
an updated version of the ICMA Recommendations for Reporting under
SFTR. This is the fourth public edition of the document, which was
initially released on 24 February and previously updated on 30 June.
The
aim of the Recommendations is to help members interpret the regulatory
reporting framework specified by ESMA and to set out complementary best
practice recommendations to provide additional clarity and address
ambiguities in the official guidance. Now at close to 300 pages, the
updated version of the guide covers a number of new questions, as well
as additions and revisions to existing recommendations, partly to
reflect members’ feedback and important lessons learned since the SFTR
reporting go-live on 13 July.
For ease of comparison, ICMA
published, alongside the new guide, a blackline version which shows all
the changes that have been made since the last publication in June.
Going forward, the document will continue to evolve to reflect ongoing
discussions in the ERCC SFTR Task Force as well as any additional
guidance received from ESMA and/or the NCAs. Further updates will be
made available on the ICMA website.
ICMA
© ICMA
