On 31 October 2019, the European Securities and Markets Authority (ESMA) published a press release announcing it has published further technical details for the reporting of Securities Financing Transactions (SFTs) as required under the SFT Regulation (SFTR)

The materials include the validation rules applicable to SFTR reports together with the XML schemas that reporting entities should use, including:

• Counterparty and trade repository (TR) data exchange;
• Intra-TR data exchange; and
• TR to authority data exchange.

Under the SFTR, both parties to an SFT need to report new, modified or terminated SFTs to a registered or recognised trade repository, including the composition of the collateral.