ESMA, the European Securities and Markets Authority, has updated the Questions and Answers on SFTR data reporting.
The Q&A update relates to the reporting of SFTs concluded by IORPs (Institutions for Occupational Retirement Provision) and pension funds (Article 4 of SFTR). An additional question has been added – “Which are the entities that have the reporting responsibility under SFTR, for IORPs and for personal pension funds?”
The answer provided by the European Commission in accordance with article 16b(5) of the ESMA Regulation is as follows:
“The entities that have the reporting responsibilities under SFTR are the counterparties to the SFTs that they have concluded. Where a financial counterparty concludes an SFT with a nonfinancial counterparty which on its balance sheet dates does not exceed the limits of at least two of the three criteria laid down in Article 3(3) of Directive 2013/34/EU, the financial counterparty shall be responsible for reporting on behalf of both counterparties.”
More at
https://www.esma.europa.eu/sites/default/files/library/esma74-362-893_qas_on_sftr_data_reporting.pdf
