RMA Issues SFTR Reporting Contract Template

Following the January release of the final SFTR report by ESMA, the US-based Risk Management Association has issued a new standard legal agreement to address mandatory reporting obligations for SFTR, ahead of its initial go-live date of April 11. The template follows in the footsteps of the Master Regulatory Reporting Framework launched by the International Securities Lending Association (ISLA) and a number of other industry associations back in December, which is applicable to both EMIR and the first phase of SFTR. According to ISLA, the agreement has been designed to remain effective even after the UK leaves the EU.