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SFTR Reporting

An automated SFTR reporting solution delivered through
MAP FinTech, Complyport’s award-winning RegTech platform. 

 

Relevant Regulation: Securities Financing Transactions Regulation (EU) 2015/2365 (SFTR) on the transparency and reuse of securities financing transactions

Start date: 13 July 2020

Regulatory Type: Regulatory reporting

Types of firms affected: EU counterparties to SFT contracts such as banks, investment firms, CCPs, CSDs, insurance, reinsurance undertakings, pension funds, UCITs, AIFs and non-financial counterparties

Supervisory authority: NCAs, ESMA

Frequency of reporting: T+1

The Securities Financing Transactions Regulation SFTR

Under this service, Complyport, through MAP FinTech, reports on behalf of the client the execution details of each SFTR Reportable Transaction, including any modification, update or termination, to a Trade Repository within the timeframes prescribed by the SFTR Legislation. Complyport also maps the client’s contractual data to the technical requirements mandated by the SFTR Legislation and maintains the relevant fields to reflect the latest SFTR transaction reporting requirements. 

Challenges

  • Analysis and interpretation of complex SFTR regulation and TR requirements
  • Various transaction types (Repo, Buy-Sell Back, Securities Lending, Margin Lending) and action types (Daily Valuation and Collateral Updates, etc.) to be reported
  • Dedicated resources for technology, infrastructure and regulatory aspects
  • Extra effort, time and costs required
  • Complicated multilevel XML files
  • Strict technical specifications with minimum to zero tolerance in field matching

Risks

  • Lack of expertise that might lead to errors in your reporting
  • Missing regulatory updates that may affect your reporting
  • Limited capacity for daily reporting monitoring and meeting the requirements

Key Features

  • Scalable solution that can report as many transactions as you have
  • User-friendly portal to help you report the necessary information and routinely monitor your reporting
  • Comprehensive field, data and entity mapping capability
  • Multiple reporting health checks (validations) for both content and schema
  • Automatic conversion of data to XML
  • TR connectivity and support covering all types of transactions and action types
  • On-going communication with regulators to ensure the system reports reflect regulatory updates and changes

Benefits

  • Technology optimization
  • Integrated dashboard that provides a holistic view of all reports
  • Comprehensive regulatory reporting IT infrastructure resulting in long term cost efficiencies
  • Cost-efficient integrated reporting solution provided under a single platform

Solution Includes

  • A team of specialists that will set up the service and provide necessary training
  • SFTR training throughout the implementation process to ensure that key personnel understand the regulation and process
  • Support to answer any queries regarding the system and regulatory updates
  • Access to our Polaris Portal dashboard to control, manage and monitor the reporting
  • Integration with an authorised TR by ESMA
  • Daily tracking of SFTR reporting

Powered by MAP FinTech

Manage your SFTR reporting through MAP FinTech, Complyport’s award-winning RegTech platform. The platform supports the reporting lifecycle within one centralised environment, helping firms improve data quality, automate reporting processes and maintain greater oversight of their SFTR obligations.

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