From 11 October 2020, UCITS ManCos and AIFMs that are counterparties to Securities Financing Transactions are required to report details of those SFTs to a Trade Repository. ManCos can appoint a delegate to carry out SFTR reporting on their behalf. However, ManCos remain responsible for compliance with their SFTR reporting obligations and the Central Bank of Ireland expects them to closely oversee their SFTR reporting delegate.
ManCos need to understand the background and purpose of SFTR generally and their reporting obligations specifically. Armed with that knowledge, they need to design and implement an oversight framework including a SFTR reporting policy and written agreement with the SFTR reporting delegate.
SFTR DELEGATED REPORTING OVERSIGHT - INTENSIVE PROGRAMME
Objectives, Measures of Success & Value
MEET YOUR FACILITATOR
This programme is delivered by Daniel Lawlor, Lead Advisor at Aquest. Daniel is the former Head of Funds Policy Team at the Central Bank of Ireland and, before that, Funds Lawyer at William Fry. He has 17 years’ experience in the financial services industry which was gained both from as a funds lawyer and financial regulator.