On 6 April 2023, the International Capital Market Association (ICMA) published the ninth update to its recommendations for reporting under SFTR.
These ICMA recommendations for reporting under the EU Securities Financing Transactions Regulation (SFTR) have been created to support ICMA members in their efforts to implement and apply the complex SFTR reporting requirements. They offer help to interpret the regulatory reporting framework specified by the European Securities and Markets Authority (ESMA) and the FCA, and set out best practice recommendations to provide additional clarity and address ambiguities in the official guidance. The recommendations are supplemented by other best practice documents which are available to ICMA members, including a suite of sample reports and an overview of repo life cycle event reporting.
The updated version incorporates a few changes based on the recent updates made to ESMA’s validation rules on 8 March, as well as the ongoing discussions with the ICMA’s European Repo and Collateral Council and Committee SFTR Task Force.
The guide is accompanied by a blackline version which offers an overview of the recent modifications.