SFTR reporting requirements for asset managers, pension and insurance funds along with hedge funds is due to start in October 2020. There is a huge amount of complexity and risk involved in complying with the reporting requirements, and Pirum and IHS Markit give a regulatory update and look at how asset management firms can meet the deadline.
Many asset managers will already be affected by the SFTR requirement for increased transparency to investors and re-use permissioning, which are already in force, but now they will now need to start reporting to TRs the transactions that they or their agents undertake, the collateral related to these and any re-use of collateral on a daily basis.