Read the CySEC Circular C619
Memo #07-2024
CySEC Circular No: C619
Date: 05/02/2024
Subject: ESMA Guidelines on transfer of data between Trade Repositories under EMIR and SFTR (ESMA74-362-2351)
Purpose: To remind the Regulated Entities that ESMA has published the Guidelines on transfer of data between Trade Repositories under EMIR and SFTR.
In Summary:
CySEC has issued the Circular C619 on 05/02/2024 to remind the Cyprus Investment Firms (CIFs), UCITS Management Companies (‘UCITS MC’) and the Alternative Investment Fund Managers (AIFMs), that the European Securities and Markets Authority (ESMA) has published the Guidelines on transfer of data between Trade Repositories under EMIR and SFTR (the ‘Guidelines’) on 05/01/2024.
The Guidelines will apply to trade repositories (TRs) registered or recognised by ESMA, to national competent authorities (NCAs), and to reporting counterparties or the entities reporting on their behalf.
The Guidelines will apply in relation to:
a) the reporting without duplication of details of derivatives by counterparties and CCPs under Article 9(1) of EMIR;
b) the procedures for portability under Article 78(9) of EMIR;
c) the transfer of derivatives between TRs at the request of the counterparties, or the entity reporting on their behalf, or in the situation where the registration of a TR has been withdrawn covered by Article 79(3) of EMIR;
d) the record-keeping of details of derivatives in accordance with Article 80(3) of EMIR;
e) and Article 21(2) of RTS on registration (EMIR).
CySEC informs that it has adopted the Guidelines by incorporating them into its supervisory practices and regulatory approach.
The Guidelines can be found on the following link:
Read the CySEC Circular C619
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