Sixth version of the ICMA SFTR Recommendations published
17 February 2021 The ICMA European Repo and Collateral Council (ERCC) has released the sixth edition of the detailed ICMA Recommendations for Reporting under SFTR. Compared to the previous version published on 29 October 2020, the updated edition of the guide reflects the end of the Brexit transition period on 31 December and the resulting split of SFTR into an EU and a UK version, which the recommendations continue to cover both. The new version also incorporates further guidance released by both ESMA and the FCA, in particular ESMA’s Q&As. A number of sections have been substantially revised as a result, including the guidance around the reporting of settlement fails (see e.g. section 9.16 of the Guide). To allow for an easier comparison, ICMA published a blackline version alongside the guide itself which shows all the changes that have been made since the last publication in late October. The SFTR Recommendations will continue to evolve to reflect ongoing discussions within the ERCC’s SFTR Task Force as well as any further official guidance published by regulators. Further updates will be made available on the ICMA website.
- ICMA Recommendations for Reporting under SFTR (updated version: 17 February 2021)
- Blackline version (showing all changes compared to the previous version published on 29 October 2020)