Reporting of the SFTs concluded by IORPs and pension funds
Which are the entities that have the reporting responsibility under SFTR, for IORPs and for personal pension funds?
Answer 16
*Answer provided by the European Commission in accordance with article 16b(5) of the ESMA Regulation*
The entities that have the reporting responsibilities under SFTR are the counterparties to the SFTs that they have concluded. Where a financial counterparty concludes an SFT with a non- financial counterparty which on its balance sheet dates does not exceed the limits of at least two of the three criteria laid down in Article 3(3) of Directive 2013/34/EU, the financial counterparty shall be responsible for reporting on behalf of both counterparties.