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ARTICLE · 15 JANUARY 2016

SFTR – A Briefing On The Impact For Funds

Maples Group
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Any EU financial or non-financial institution including both authorised UCITS and authorised AIFs.

IrelandFinance and Banking
Stephen Carty
Stephen Carty
Adam Donoghue
Adam Donoghue
Barry McGrath
Barry McGrath
Peter Stapleton
Peter Stapleton
Carol Widger
Carol Widger
Eimear O'Dwyer
Eimear O'Dwyer
Ciara O'Leary
Ciara O'Leary
Ian Conlon
Ian Conlon
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The Regulation (EU) 2015/2365 on transparency of securities financing transactions and of reuse ("SFTR", the "Regulation") came into force on 12 January 2016, with some aspects coming into effect later. If any of your funds use repos, reverse repos, engage in securities lending, margin lending or use total return swaps, this will impact your business. A link to the Regulation is available here.

Key elements of the Regulation:

Overview: SFTR aims to enhance transparency in relation to the use of securities financing transactions ("SFTs") by introducing a range of transparency obligations that must be met by institutions engaging in SFTs.

Transactions in scope: SFTs (securities lending, repurchase agreements, reverse repurchase agreements and certain margin lending transactions) and total return swaps ("TRS"). The collateral reuse requirements under SFTR apply to the reuse of financial instruments provided as collateral under all security and title

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