SFTR Reporting

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

Article 4 – the reporting requirement – went live for firms in 2020.

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Kaizen's SFTR reporting services are spearheaded by Jonathan Lee, one of the industry's foremost experts on the regime.

What is SFTR Reporting?

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.

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

This complex requirement incorporates 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 Reporting Core Training

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

“Ensuring a robust control environment is in place, incorporating front-to-back reconciliations and quality assurance testing, will place you on the front foot with SFTR and in your relations with your national competent authorities.”

Jonathan Lee - Senior Regulatory Reporting Specialist – Kaizen Reporting

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

Blogs
SFTR ‘ish’ USA
Tue 10 Jan, 2023

SFTR ‘ish’ USA
Read more
Blogs
SFTR – The Terrible Twos or Yesterday’s News?
Thu 25 Aug, 2022

SFTR – The Terrible Twos or Yesterday’s News?
Read more
Blogs
ESMA publishes SFTR Q&As 13 and 14
Tue 19 Jul, 2022

ESMA publishes SFTR Q&As 13 and 14
Read more