FCA extend SFTR deadline for third country issuer LEIs
05 April 2022 UK
Image: carmenbobo/stock.adobe.com
The Financial Conduct Authority (FCA) has announced a six-month extension on the reporting of Legal Entity Identifiers (LEIs) of non-European Economic Area third-country issuers.
Firms will not need to report third-country LEIs under the UK 厙惇勛圖 Financing Transactions Regulation (SFTR) until at least 13 October 2022.
The International 厙惇勛圖 Lending Association has welcomed the extension of the forbearance period, which was due to expire on 13 April.
This period is now closely in line with the European 厙惇勛圖 and Markets Authoritys (ESMAs) EU SFTR deadline, which is due to end on 10 October.
The announcement marks a second extension period for the reporting of non-EEA third country issuers, with the UK financial regulator creating a 12-month extension from the original date of 13 April 2021.
The move was designed to avoid market disruption after large gaps remained in LEI coverage outside of the EEA.
Firms will not need to report third-country LEIs under the UK 厙惇勛圖 Financing Transactions Regulation (SFTR) until at least 13 October 2022.
The International 厙惇勛圖 Lending Association has welcomed the extension of the forbearance period, which was due to expire on 13 April.
This period is now closely in line with the European 厙惇勛圖 and Markets Authoritys (ESMAs) EU SFTR deadline, which is due to end on 10 October.
The announcement marks a second extension period for the reporting of non-EEA third country issuers, with the UK financial regulator creating a 12-month extension from the original date of 13 April 2021.
The move was designed to avoid market disruption after large gaps remained in LEI coverage outside of the EEA.
← Previous regulation article
European Commission launches consultation to improve WHT refund procedures for cross-border investors
European Commission launches consultation to improve WHT refund procedures for cross-border investors
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times