ESMA_QA_925

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/925

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Regulatory Context

Regulation : SFTR

Level 1 Regulation: Securities Financing Transactions Regulation (SFTR) Regulation (EU) 2015/2365- MDP

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: * SFTR Art. 4

Subject Matter: Reporting of trading venue for cleared and non-cleared SFTs

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Question

Submission Date: 05 November 2020

a) How should the field 2.8 “Trading venue” be reported for SFTs? b) Can an SFT concluded bilaterally and cleared by a CCP on the same day be reported in accordance with Article 2(2) of CDR (EU) 2019/356?

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ESMA Answer

Answer Date: 05-11-2020

[ESMA74-362-893 SFTR Q&A 4]  a) Trading venue is defined under Article 4(24) of MiFID II as a regulated market, an MTF or an OTF. Counterparties therefore should report in the field 2.8 “Trading venue” the segment MIC of the trading venue for SFTs concluded on regulated markets, MTFs and OTFs, XOFF for SFTs concluded off-venue for SFTs that are admitted to trading on a venue and XXXX in the rest of the cases, including an execution through a systematic internaliser (SI). b) No. SFTs concluded bilaterally (i.e. not on a trading venue, where trading venue should be understood as defined under MiFID) and cleared by a CCP should be reported pursuant to Article 2(1) of CDR (EU) 2019/356.

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This document was automatically extracted from the ESMA EMIR Q&A database.