On 30 September 2016, the European Securities and Markets Authority (ESMA) issued a consultation paper on draft technical standards implementing the Securities Financial Transaction Regulation (SFTR). Our blog entry can be found here.
ESMA has now amended its consultation page stating the following:
“ESMA has found a clerical mistake in the consultation paper published on 30 September 2016. In particular, there are some instances in the explanatory text, in particular on pages 85, 87, 88, 92 and 96, where the deadline for reporting of the collateral component of an SFT is erroneously indicated as taking place on value date +1. The timeline for reporting of the details of the collateral component of an SFT is value date, as included in Article 5 of the draft technical standards under Article 4(10) of SFTR on page 254. In similar way the reporting of availability for reuse, mentioned on page 108, refers to value date.”
View Consultation on draft RTS and ITS under SFTR and amendments to related EMIR RTS, 4 November 2016