ESMA would grant a 12-month reprieve for market participants to provide an LEI for a security issued from a third-country when reporting SFTs.
In the fourth part of our ‘what to look out for in 2020’, we ask industry experts’ for their input on regulatory issues to watch out for in the New Year.
Addressing data issues and the dual-reporting regime set out in SFTR were among the top priorities for ISLA.
The exit comes at a crucial time in the post-financial crisis regulatory agenda, with multiple rules set to come into force over the next couple of years.
The four new hires will help bolster its services in the run-up to major new regulations in 2020 such as SFTR and CSDR.
Trades that get rejected for not having an issuer LEI could mean the amount of acceptable collateral could drop.
The standard agreement template will be used for both mandatory and delegated reporting of securities financing and derivatives transactions.
Both companies are looking to get clients ready for SFTR reporting in advance of the 2020 deadline.
IHS Markit and Pirum will make available Delta Capita's SFTR test pack to its clients to support and standardise testing.
Partner firms signed up for UnaVista's SFTR trade repository include Calypso Technology, EquiLend, IHS Markit, MarketAxess, Trax and Murex.