The European Commission has published a legislative proposal for a Regulation on reporting and transparency of securities financing transactions (SFTs). The proposed Regulation sets out proposals for requirements for:
- financial or non-financial counterparties of SFTs to report the details of SFT transactions to trade repositories;
- UCITS management companies, UCITS investment companies and alternative investment fund managers to provide information to investors on their use of SFTs and other financing structures; and
- counterparties seeking to engage in rehypothecation to ensure certain conditions are satisfied before they have the right to rehypothecation.
View Proposal for a Regulation of the European Parliament and of the Council on reporting and transparency of securities financing transactions, 29 January 2014
