SFTR Regulatory Technical Standards published in the Official Journal

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We now have legal certainty around the SFTR Article 4 reporting timelines as the ten delegated acts, implementing regulations and annexes have been published in today’s Official Journal of the European Union. Each respective delegated regulation is available here. These requirements appear to be unchanged from those published and adopted by the European Commission on 13th December 2018.

Timelines

The SFTR Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) come into force 20 days after publication (11th April 2019). This provides the basis behind reporting obligations becoming live on the following dates:

  • Monday 13th April 2020 – Credit Institutions (Banks) & Investment Firms
  • Monday 13th July 2020 – CCPs & CSDs
  • Monday 12th October 2020 – Pension Funds, Insurance/Reinsurance Companies, AIFs & UCITs (Buy-side)
  • Monday 11th January 2021 – Non-Financial Institutions.

It’s time to get ready…

Now that we have legal certainty, firms should be fully engaged in SFTR planning, building, testing and controls initiatives in readiness for go-live. We can help to meet your training, scoping, pre-go live testing, vendor selection, controls agenda and post go-live quality assurance to ensure reporting accuracy for this most complex of reporting requirements.  Please contact us for a complementary consultation or find out more in our SFTR section of our website.