About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ESMA Approves DTCC as SFTR Trade Repository

Subscribe to our newsletter

DTCC’s Global Trade Repository (GTR) service is now approved for SFT reporting after an announcement last week by ESMA extended registration approval to four new trade repositories including the DTCC Derivatives Repository, along with the LSE’s UnaVista TRADEcho, Krajowy Depozyt Papierów Warto?ciowych, and REGIS-TR.

The SFT will be offered out of DTCC’s European trade repository, DDRL.

“We’re pleased with this decision,” says Val Wotton, Managing Director, Repository & Derivatives Services at DTCC. “With less than three months remaining before SFTR’s implementation deadline for banks, investment firms, CCPs and CSDs, we are encouraged by the level of their preparations. We look forward to continuing to work with our community in support of their regulatory reporting efforts.”

In February, DTCC reported that its SFTR community had topped 160 firms, split between around 30 vendors and 138 financial services firms including Barclays, Goldman Sachs, Franklin Templeton, J.P. Morgan, PIMCO, SEB, and Societe Generale. The firm opened industry-wide user-acceptance testing (UAT) for SFTR back in October 2019 so that users could benefit from an extended period of testing, increasing their levels of preparedness for regulatory compliance from day one. Since then, additional phases have rolled out including UAT with final XML schemas and validations rules.

Implementation of the regulation’s initial reporting deadlines, originally scheduled for April, was in March pushed back three months to 13 July in response to the global coronavirus pandemic.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

When 1% Breaks the Fund: The Sanctions Contagion Facing ETF Issuers

Roy Kirby, Head of Core Products at SIX Group, has spent the past four years watching sanctions transform from episodic geopolitical tools into a structural feature of market risk. In sharing insights with RegTech Insight, he sets out how the acceleration and layering of sanctions since 2022 are reshaping compliance obligations for ETF issuers and,...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...