ICMA updates SFTR recommendations
31 March 2025 Europe
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The International Capital Market Association (ICMA) has released an updated version of its ‘Recommendations for Reporting under SFTR’.
The document aims to help members interpret the regulatory reporting framework of the Securities Financing Transactions Regulation (SFTR), and set out best practice recommendations to provide clarity and address ambiguities in the official guidance.
It marks the 10th update to the public version of the SFTR guide since its initial publication in February 2020.
Compared to the previous public version, released in April 2023, the latest edition of the guide introduces a number of further updates and clarifications.
These include how to report sponsored repo and other guaranteed or identified repo, reporting a pool of security and cash collateral, as well as reporting obligations of foreign branches in the UK.
In addition, the guide highlights changes to sections addressing the jurisdiction of the issuer, the legal entity identifier (LEI) of the issuer, and reporting variation margin of sub-portfolios.
The document aims to help members interpret the regulatory reporting framework of the Securities Financing Transactions Regulation (SFTR), and set out best practice recommendations to provide clarity and address ambiguities in the official guidance.
It marks the 10th update to the public version of the SFTR guide since its initial publication in February 2020.
Compared to the previous public version, released in April 2023, the latest edition of the guide introduces a number of further updates and clarifications.
These include how to report sponsored repo and other guaranteed or identified repo, reporting a pool of security and cash collateral, as well as reporting obligations of foreign branches in the UK.
In addition, the guide highlights changes to sections addressing the jurisdiction of the issuer, the legal entity identifier (LEI) of the issuer, and reporting variation margin of sub-portfolios.
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