REGIS-TR statement on SFTR
The European Commission has, at long last, written to Steven Maijoor, Chair of ESMA, to advise him that the Commission will indeed endorse the draft Regulatory and Implementing Technical Standards (RTS and ITS) for SFTR.
The Commission considers that amendments are required to the drafts, noting that it was “necessary to make a number of clarifications and slightly restructure parts of the draft standards”, whilst reassuring that “these improvements…are not considered as changing the substance of the draft standards”.
So there you have it – with no material changes expected, and publication of the standards in the Official Journal either late this year or early next, it’s definitely time to get to work.
To find out how we at REGIS-TR can help you make a success of SFTR, get in touch with our Relationship Managers.