SFTR Reporting

The Securities Financing Transactions Regulation (SFTR) is an extensive set of reporting requirements from ESMA and the UK’s FCA.

SFTR aims to improve transparency and reduce risks in securities financing markets; namely the repo, securities lending, buy-sellback and margin lending (prime brokerage) markets.

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Kaizen's SFTR subject matter expert Jonathan Lee explains the challenges firms face in meeting SFTR reporting requirements

What are the requirements of SFTR reporting?

Firms trading securities financing products (financial and non-financial) must report details of all securities financing transactions to ESMA via a Trade Repository.

The requirements of SFTR incorporate the following:

  • Up to 155 fields to report depending on product
  • Counterparty, loan & collateral, margin & re-use tables to populate
  • Nine reportable action types
  • Up to 48 fields reconcilable for pairing & matching on day one, increasing to 74 after two years
  • Common standards (ISIN, LEI, UTI, CFI) plus extensive classification field requirements
  • Identification of beneficial owners
  • Reconciliation sensitivity around execution timestamps.

How we can help

Our ReportShield™ quality assurance services have been designed to meet the requirements of Article 4 and include Accuracy Testing of every SFTR report, testing and mapping of all reference data, plus testing that all delegated reporting has been reported accurately and completely. 

Accuracy Testing

The testing gold standard, providing the maximum level of protection against regulatory challenge. Learn more

Advanced Regulatory Reconciliation

Our end-to-end reconciliation service tests for the completeness of regulatory reporting. Learn more

Control Framework

Together with data quality, a robust control framework is a key expectation of regulators. Learn more

SFTR Training

Training is an integral part of the systems and controls required for accurate reporting. Learn more

“Reporting counterparties are expected to have processes, systems and controls in place to ensure completeness, accuracy and timeliness of the reported information.”

ESMA – Data Quality Report 2021

Is your SFTR Reporting accurate, complete and timely?

To find out, or for a conversation with one of our regulatory specialists, please get in touch.

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Further reading

Media
Jonathan Lee talks to Securities Finance Times on the SEC’s Rule 10c-1
Tue 31 Oct, 2023

Jonathan Lee talks to Securities Finance Times on the SEC’s Rule 10c-1
Read more
Blogs
SEC adopts Rule 10c-1a on reporting securities lending trades
Wed 18 Oct, 2023

SEC adopts Rule 10c-1a on reporting securities lending trades
Read more
Blogs
UK SFTR Validation Rules – a late twist from the FCA
Thu 3 Aug, 2023

UK SFTR Validation Rules – a late twist from the FCA
Read more