ESMA withdraws SFTR registration of UnaVista
21 September 2022 UK
Image: mantinov/stock.adobe.com
The European Íø±¬³Ô¹Ï and Markets Authority (ESMA) has today withdrawn the trade repository registration of UnaVista TRADEcho B.V. (UnaVista) under the Íø±¬³Ô¹Ï Financing Transactions Regulation (SFTR).
UnaVista announced the closure of its SFTR trade repository in July 2021 and ceased to offer SFTR regulatory reporting, and associated services from its rules engine, on 31 January 2022. UnaVista has been registered as a trade repository under SFTR since 7 May 2020.
According to UnaVista, this move would allow it to reallocate resources towards its core Markets in Financial Instruments Regulation (MIFIR), European Market Infrastructure Regulation (EMIR) and G20 services, including preparatory work for the EMIR Refit.
All UnaVista clients have already been transferred to a trade repository of their choice.
The withdrawal decision follows the official notification to ESMA by UnaVista of its intention to renounce its trade repository registration under the conditions set out in Article 10(1)(a) of SFTR.
UnaVista announced the closure of its SFTR trade repository in July 2021 and ceased to offer SFTR regulatory reporting, and associated services from its rules engine, on 31 January 2022. UnaVista has been registered as a trade repository under SFTR since 7 May 2020.
According to UnaVista, this move would allow it to reallocate resources towards its core Markets in Financial Instruments Regulation (MIFIR), European Market Infrastructure Regulation (EMIR) and G20 services, including preparatory work for the EMIR Refit.
All UnaVista clients have already been transferred to a trade repository of their choice.
The withdrawal decision follows the official notification to ESMA by UnaVista of its intention to renounce its trade repository registration under the conditions set out in Article 10(1)(a) of SFTR.
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