Training Objectives

Participants of this programme will:

• Obtain a comprehensive understanding of SFTR compliance requirements
• Identify what trading activities are covered by SFTR, who has to report and by when
• Understand the data fields required for generic SFT structures, whether collateralized at transaction or portfolio level, in order to ensure compliance with SFTR to ensure precise, timely data submission that meets regulatory standards
• Understanding the generation and circulation of Unique Transaction Identifier (UTI) related rulings
• Be able to outline the role of trade repositories and recognise the reports sent to and sent out by these entities
• Delve into the intricacies of SFTR provisions, gaining practical insights into specific reporting rules and key data fields essential for successful implementation.

• Become aware of some of the practical issues that have arisen in reporting
• Know where to look for further guidance

Training Outline

• Background triggering the evolution of SFTR
• What is Shadow Banking and how is it related to SFTR
• Purpose of SFTR and key requirements for reporting parties
• What SFTR covers: repurchase agreements, securities/commodities lending, margin lending
• Who is subject to SFTR, including mandatory delegation and branches
• The role of trade repositories: who they are; what they do (validation and reconciliation); what you send them and what they send back and to others
• Types of report (Action Types) and sequencing
• Regulatory reporting deadlines
• Data sets, matching fields, cardinality rules (mandatory, conditional or optional) and conditionality links between fields
• Counterparty data
• Loan data: type, UTI, level of reporting, legal data, term, rate
• Collateral data: type; level of reporting; classifications
• Collateral re-use reports: actual and estimated
• Practical examples provided by ESMA

Who should attend

The programme is ideal for financial service professionals at banking and investment level, as well as financial service providers and/or advisors:

• Managers / Senior Managers
• Compliance Officers / Legal Officers
• Front-line professionals
• Internal Auditors
• Any person who provides investment services
• External auditors, lawyers and consultants

Training Style 

The training style will include the presentation of all the material using slides and handouts.  The trainer will use practical examples to elaborate various concepts and encourage class discussion.

Participants will engage in exchange of ideas and sharing of knowledge on the subject matter.  Participants will also be able to ask questions and obtain clarifications from the trainer on the material covered.

Participants will have the opportunity to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session in a Q&A Session.

CPD Recognition

This programme may be approved for up to 3 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.