ICMA ERCC Recommendations for Reporting under SFTR

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jurisdictions drawn from both the sell and buy-side of the market.</p> </div> <div class="menu-primary"> <div class="no-child-nodes"> <h3><a href="/membership/benefits-of-membership/"><span>Benefits of Membership</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/membership/apply-for-membership/"><span>Apply for Membership</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/membership/List-of-principal-delegates-2/"><span>List of ICMA Member Firms</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/membership/icma-members-register/"><span>ICMA Members Register</span></a></h3> </div> <div style="clear: both;"></div> </div> </div> <div class="section market-practice-and-regulatory-policy 26811"> <div class="menu-sidebar"> <h3>ICMA engages with its global membership on market practice and regulatory policy issues through its expert forums.</h3><p>Here are the key sections covering our work programmes, including contact details of ICMA staff responsible for each area.</p> </div> <div class="menu-primary"> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/primary-markets/"><span>Primary Markets</span></a></h3> <ul class="items children"> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/primary-markets/ipma-handbook-home/"> ICMA Primary Market Handbook - Home </a> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Primary Market Committees <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-primary-market-practices-committee/">ICMA Primary Market Practices Committee</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-asia-bond-syndicate-forum/">ICMA Asia Pacific Bond Syndicate Forum</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-legal-and-documentation-committee/">ICMA Legal and Documentation Committee</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-asia-legal-and-documentation-forum/">ICMA Asia Pacific Legal & Documentation Forum</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/public-sector-issuer-forum/">Public Sector Issuer Forum</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-corporate-issuer-forum/">ICMA Corporate Issuer Forum</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-financial-institution-issuer-forum/">ICMA Financial Institution Issuer Forum</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Primary Market Topics <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/accounting-and-auditing/">Accounting and Auditing</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/benchmark-reform-and-transition-to-risk-free-rates/">Benchmark Reform and Transition to Risk-Free Rates</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/mifid-ii-r-in-primary-markets/">MiFID II/R in Primary Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/primary-markets-conduct-non-mifid/">Primary Markets Conduct (non-MiFID)</a></li> <li class="item"><a href="/fintech-and-digitalisation/">Electronification</a></li> <li class="item"><a href="/fintech-and-digitalisation/primary-markets-fintech-directory/">Primary Markets Technology Mapping Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/dialogue-with-investors/">Dialogue with Investors</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/initial-disclosure-pd-and-priips/">Prospectuses</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/initial-disclosure-priips-kid/">PRIIPs KIDs</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/retail-access-to-bond-markets/">Retail Access to Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/market-infrastructure-and-asset-servicing/">Market Infrastructure and Asset Servicing</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/market-abuse-regulation-mar/">Market Abuse Regulation (MAR) - Primary Market Aspects</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/periodic-reporting-continuing-obligations/">Periodic Reporting / Continuing Obligations</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/taxation/">Taxation (Primary Markets)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/other-icma-primary-market-advocacy-materials/">Other ICMA Primary Market Advocacy Materials</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Primary Market Products <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/bank-capital/">Bank Capital</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/infrastructure-financing/">Infrastructure Financing</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/islamic_finance/">Islamic Finance</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/private-placements/">Private Placements</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/retail-structured-products/">Retail Structured Products</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/securitisation/">Securitisation</a></li> <li class="item"><a href="/resources-2/Sovereign-Debt-Information/">Sovereign Debt</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/securitisation/">Securitisation (Asset Management Perspective)</a></li> </ul> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/secondary-markets/"><span>Secondary Markets</span></a></h3> <ul class="items children"> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/secondary-markets/icmas-rules-and-recommendations-for-the-secondary-market/"> ICMA’s Rules and Recommendations for the Secondary Market <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/icmas-rules-and-recommendations-for-the-secondary-market/icma-consultation-on-the-buy-in-rules/">ICMA Consultation on the Buy-in Rules</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Secondary Market Practices Committee (SMPC) and related Working Groups <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-smpc-and-terms-of-reference/">ICMA SMPC and Terms of Reference</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/mifid-ii-r-working-group/">MiFID II/R Working Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/csdr-sd-working-group/">CSDR-SD Working Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/smpc-secondary-market-rules-and-recommendations/">SMPC - Secondary Market Rules & Recommendations </a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc/">ICMA Electronic Trading Working Group (ETWG)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc-2/">ICMA Bond Market Liquidity Taskforce</a></li> </ul> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/secondary-markets/central-bank-corporate-bond-purchase-programmes/"> Central Bank Corporate Bond Purchase Programmes </a> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Electronic Trading <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-electronic-trading-fintech-directory/">ICMA Electronic Trading FinTech Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-industry-guide-to-definitions-and-best-practice-for-bond-pricing-distribution/">ICMA Industry Guide to Definitions and Best Practice for Bond Pricing Distribution</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/papers-and-reports/">Papers and Reports</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/">Common Domain Model (CDM)</a></li> </ul> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/t-1-the-shortening-of-standard-settlement-cycles/"> “T+1” – the shortening of standard settlement cycles </a> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/"> Market Transparency <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/global-overview-of-bond-market-post-trade-transparency-regimes/">Transparency Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/consolidated-tape/">Consolidated Tape</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/"> Market Data <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/ice-data-traded-volumes/">IG Corporate Bond Traded Volumes (ICE Data Services)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/euro-government-bond-markets/">Euro Government Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/euro-corporate-bond-markets/">Euro Corporate Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/global-bond-yields/">Global Bond Yields</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Market Liquidity <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/bond-market-liquidity-library/">Bond Market Liquidity Library</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/european-commission-expert-group-on-corporate-bond-market-liquidity/">European Commission Expert Group on Corporate Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/studies-and-papers/">ICMA Studies and Papers</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Secondary Markets Regulation <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/mifid-iir/">MiFID II/R</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/csdr-settlement-discipline/">CSDR Settlement Discipline</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/fundamental-review-of-the-trading-book-frtb/">Fundamental Review of the Trading Book (FRTB)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/marinvestment-recommendations/">MAR/Investment recommendations</a></li> </ul> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/secondary-markets/euro-safe-assets/"> Euro Safe Assets </a> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/secondary-markets/archive/"> Archive </a> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/"><span>Repo and Collateral Markets</span></a></h3> <ul class="items children"> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Legal Documentation <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/global-master-repurchase-agreement-gmra/">Global Master Repurchase Agreement (GMRA)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-gmra-legal-opinions/">ICMA GMRA Legal Opinions</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-gmra-clause-library-and-taxonomy/">ICMA GMRA Clause Library and Taxonomy</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/master-regulatory-reporting-agreement-mrra/">Master Regulatory Reporting Agreement (MRRA)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/resolution-stays/">Resolution Stays</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-faqs-in-relation-to-the-gmra-and-market-turbulence/">ICMA FAQs in relation to the GMRA and market turbulence</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/2011-global-master-repurchase-agreement-gmra-protocol-revised-adhering-parties/">2011 Global Master Repurchase Agreement (GMRA) Protocol (Revised) Adhering Parties</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Repo and Collateral Council and related groups <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-ercc-members/">ICMA European Repo and Collateral Council (ERCC)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-european-repo-and-collateral-committee/">ICMA European Repo and Collateral Committee</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-ercc-operations-group/">ICMA ERCC Operations Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-global-repo-and-collateral-forum-grcf-2/">ICMA Global Repo and Collateral Forum (GRCF)</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> ICMA ERCC Publications <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-reports/">ICMA ERCC Reports</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/frequently-asked-questions-on-repo/">Frequently Asked Questions on Repo</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-position-papers-and-responses-to-public-consultations/">ICMA ERCC Papers and Responses</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-guide-to-best-practice-in-the-european-repo-market/">ICMA ERCC Guide to Best Practice in the European Repo Market</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/">ICMA ERCC Recommendations for Reporting under SFTR</a></li> </ul> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/t-1-the-shortening-of-standard-settlement-cycles/"> “T+1” – the shortening of standard settlement cycles </a> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/"> Market Data <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/sftr-public-data/">SFTR Public Data</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/icma-european-repo-market-survey/">ICMA European Repo Market Survey</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/euro-repo-funds-rate/">Euro Repo Funds Rate</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/icma-asia-pacific-repo-market-survey/">ICMA Asia-Pacific Repo Market Survey</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Regulation <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/mifid-ii-r-and-sfts/">MiFID II/R and SFTs</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/regulatory-reporting-of-sfts/">SFT Regulation (SFTR)</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> FinTech <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/fintech-and-digitalisation/operations-fintech-directory/">ICMA Ops FinTech Mapping Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/">Common Domain Model (CDM)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/repo-trading-fintech-directory/">Repo Trading FinTech Directory</a></li> </ul> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/repo-and-sustainability/"> Repo and Sustainability </a> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> Other Resources <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/icma-guide-to-asia-repo-markets/">ICMA Guide to Asia Repo Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/latest-icma-repo-news/">Latest ICMA Repo News</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/sanctions-on-russia-considerations-for-repo-and-secondary-trading/">Sanctions on Russia: Considerations for repo and secondary trading</a></li> </ul> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/euro-commercial-paper-and-certificates-of-deposit/"><span>Euro Commercial Paper and Certificates of Deposit</span></a></h3> <ul class="items children"> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/euro-commercial-paper-and-certificates-of-deposit/archive/"> Archive </a> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/asset-management/"><span>Asset Management</span></a></h3> <ul class="items children"> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> ICMA AMIC Councils and Committees <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/icma-amic-councils-and-committees/amic-committee-composition/">AMIC Committee Composition</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/icma-amic-councils-and-committees/current-active-subcommittees-and-working-groups/">Current Active Subcommittees and Working Groups</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"> AMIC Publications <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/amic-publications/amic-reports/">AMIC Reports and Reviews</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/amic-publications/amic-responses-to-consultations/">AMIC Responses</a></li> </ul> </li> <li class="item level3 hasChildren"> <a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/"> Regulatory Issues <span class="arrow"> ‣ </span> </a> <ul class="children teriary"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/eu-sustainable-finance-disclosure-regulation-sfdr/">EU Sustainable Finance Disclosure Regulation (SFDR)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/mifid-iir-research-unbundling/">MiFID II/R - Research Unbundling</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/securitisation/">Securitisation</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/other/">Other</a></li> </ul> </li> </ul> </li> </ul> </div> <div class="no-child-nodes"> <h3><a href="/market-practice-and-regulatory-policy/benchmark-reform-and-transition-to-risk-free-rates/"><span>Benchmark Reform and Transition to Risk-free Rates</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/market-practice-and-regulatory-policy/capital-markets-union-2/"><span>Capital Markets Union</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/market-practice-and-regulatory-policy/international-capital-market-fragmentation/"><span>International Capital Market Fragmentation</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/market-practice-and-regulatory-policy/Regulatory-Policy-Newsletter/"><span>ICMA Quarterly Report</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/market-practice-and-regulatory-policy/icma-legal-and-regulatory-helpdesk/"><span>ICMA Legal & Regulatory Helpdesk</span></a></h3> </div> <div style="clear: both;"></div> </div> </div> <div class="section sustainable-finance 37653"> <div class="menu-sidebar"> <h3>ICMA serves as Secretariat to the GBP, the SBP, the SBG and the SLBP, providing support while advising on governance and other issues.</h3><p>ICMA also leads numerous other initiatives in sustainable finance. ICMA is at the forefront of the financial industry’s contribution to the development of sustainable finance and in the dialogue with the regulatory and policy community.</p> </div> <div class="menu-primary"> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/the-principles-guidelines-and-handbooks/"><span>The Principles & related guidance</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/membership-governance-and-working-groups/"><span>Membership, governance & working groups of the Principles</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/icma-and-other-sustainable-finance-initiatives/"><span>Codes of Conduct for ESG Ratings and Data Products Providers</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/sustainable-bonds-database/"><span>Sustainable Bond Market Data</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/regulatory-responses-and-commentary/"><span>Regulatory responses & commentary</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/other-sustainable-finance-guidance-publications-and-initiatives/"><span>Other sustainable finance guidance, research & initiatives</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/contacts/"><span>Contacts & Principles Helpdesk</span></a></h3> </div> <div class="no-child-nodes"> <h3><a href="/sustainable-finance/archive/"><span>Archive</span></a></h3> </div> <div style="clear: both;"></div> </div> </div> <div class="section fintech-and-digitalisation 35611"> <div class="menu-sidebar"> <h3>ICMA seeks to mainstream relevant FinTech developments and market electronification through all of its initiatives, activities and fora.</h3><p>FinTech and market electronification are addressed through ICMA’s various committees, working groups and work streams as well as through bilateral discussions with member firms and technology providers.</p> </div> <div class="menu-primary"> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"><span>FinTech Advisory Committee and related groups</span></a></h3> <ul class="items children"> <li class="item level3 "> <a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/icma-fintech-advisory-committee/"> ICMA FinTech Advisory Committee </a> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/"> Common Domain Model (CDM) </a> </li> <li class="item level3 "> <a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/dlt-bonds-working-group/"> DLT Bonds Working Group </a> </li> <li class="item level3 "> <a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/bond-data-taxonomy/"> Bond Data Taxonomy Working Group </a> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc/"> Electronic Trading Council (ETC) </a> </li> <li class="item level3 "> <a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/artificial-intelligence-in-capital-markets-aicm-working-group/"> Artificial Intelligence in Capital Markets (AICM) Working Group </a> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/fintech-and-digitalisation/icma-fintech-directories/"><span>ICMA FinTech Directories</span></a></h3> <ul class="items children"> <li class="item level3 "> <a href="/fintech-and-digitalisation/primary-markets-fintech-directory/"> ICMA Primary Markets FinTech Directory </a> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-electronic-trading-fintech-directory/"> ICMA Electronic Trading FinTech Directory </a> </li> <li class="item level3 "> <a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/repo-trading-fintech-directory/"> ICMA Repo Trading FinTech Directory </a> </li> <li class="item level3 "> <a href="/fintech-and-digitalisation/operations-fintech-directory/"> ICMA Operations FinTech Directory </a> </li> <li class="item level3 "> <a href="/fintech-and-digitalisation/icma-distributed-ledger-technology-dlt-regulatory-directory/"> ICMA Distributed Ledger Technology (DLT) Regulatory directory </a> </li> </ul> </li> </ul> </div> <div class=""> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"><span>FinTech 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class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/primary-markets/"><span>Primary Markets</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="item level3"><a href="/market-practice-and-regulatory-policy/primary-markets/ipma-handbook-home/">ICMA Primary Market Handbook - Home</a></li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Primary Market Committees</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-primary-market-practices-committee/">ICMA Primary Market Practices Committee</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-committees/icma-asia-bond-syndicate-forum/">ICMA Asia Pacific Bond Syndicate Forum</a></li> <li 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href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Primary Market Topics</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/accounting-and-auditing/">Accounting and Auditing</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/benchmark-reform-and-transition-to-risk-free-rates/">Benchmark Reform and Transition to Risk-Free Rates</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/mifid-ii-r-in-primary-markets/">MiFID II/R in Primary Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/primary-markets-conduct-non-mifid/">Primary Markets Conduct (non-MiFID)</a></li> <li class="item"><a href="/fintech-and-digitalisation/">Electronification</a></li> <li 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class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/market-abuse-regulation-mar/">Market Abuse Regulation (MAR) - Primary Market Aspects</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/periodic-reporting-continuing-obligations/">Periodic Reporting / Continuing Obligations</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/taxation/">Taxation (Primary Markets)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-topics/other-icma-primary-market-advocacy-materials/">Other ICMA Primary Market Advocacy Materials</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Primary Market Products</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/bank-capital/">Bank Capital</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/infrastructure-financing/">Infrastructure Financing</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/islamic_finance/">Islamic Finance</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/private-placements/">Private Placements</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/retail-structured-products/">Retail Structured Products</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/primary-markets/primary-market-products/securitisation/">Securitisation</a></li> <li class="item"><a href="/resources-2/Sovereign-Debt-Information/">Sovereign Debt</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/securitisation/">Securitisation (Asset Management Perspective)</a></li> </ul> </li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/secondary-markets/"><span>Secondary Markets</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/secondary-markets/icmas-rules-and-recommendations-for-the-secondary-market/">ICMA’s Rules and Recommendations for the Secondary Market</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/icmas-rules-and-recommendations-for-the-secondary-market/icma-consultation-on-the-buy-in-rules/">ICMA Consultation on the Buy-in Rules</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Secondary Market Practices Committee (SMPC) and related Working Groups</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-smpc-and-terms-of-reference/">ICMA SMPC and Terms of Reference</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/mifid-ii-r-working-group/">MiFID II/R Working Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/csdr-sd-working-group/">CSDR-SD Working Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/smpc-secondary-market-rules-and-recommendations/">SMPC - Secondary Market Rules & Recommendations </a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc/">ICMA Electronic Trading Working Group (ETWG)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc-2/">ICMA Bond Market Liquidity Taskforce</a></li> </ul> </li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/secondary-markets/central-bank-corporate-bond-purchase-programmes/">Central Bank Corporate Bond Purchase Programmes</a></li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Electronic Trading</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-electronic-trading-fintech-directory/">ICMA Electronic Trading FinTech Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-industry-guide-to-definitions-and-best-practice-for-bond-pricing-distribution/">ICMA Industry Guide to Definitions and Best Practice for Bond Pricing Distribution</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/papers-and-reports/">Papers and Reports</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/">Common Domain Model (CDM)</a></li> </ul> </li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/t-1-the-shortening-of-standard-settlement-cycles/">“T+1” – the shortening of standard settlement cycles</a></li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/">Market Transparency</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/global-overview-of-bond-market-post-trade-transparency-regimes/">Transparency Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-transparency/consolidated-tape/">Consolidated Tape</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/">Market Data</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/ice-data-traded-volumes/">IG Corporate Bond Traded Volumes (ICE Data Services)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/euro-government-bond-markets/">Euro Government Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/euro-corporate-bond-markets/">Euro Corporate Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-data/global-bond-yields/">Global Bond Yields</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Market Liquidity</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/bond-market-liquidity-library/">Bond Market Liquidity Library</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/european-commission-expert-group-on-corporate-bond-market-liquidity/">European Commission Expert Group on Corporate Bond Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/market-liquidity/studies-and-papers/">ICMA Studies and Papers</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Secondary Markets Regulation</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/mifid-iir/">MiFID II/R</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/csdr-settlement-discipline/">CSDR Settlement Discipline</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/fundamental-review-of-the-trading-book-frtb/">Fundamental Review of the Trading Book (FRTB)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-markets-regulation/marinvestment-recommendations/">MAR/Investment recommendations</a></li> </ul> </li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/secondary-markets/euro-safe-assets/">Euro Safe Assets</a></li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/secondary-markets/archive/">Archive</a></li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/"><span>Repo and Collateral Markets</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Legal Documentation</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/global-master-repurchase-agreement-gmra/">Global Master Repurchase Agreement (GMRA)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-gmra-legal-opinions/">ICMA GMRA Legal Opinions</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-gmra-clause-library-and-taxonomy/">ICMA GMRA Clause Library and Taxonomy</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/master-regulatory-reporting-agreement-mrra/">Master Regulatory Reporting Agreement (MRRA)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/resolution-stays/">Resolution Stays</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/icma-faqs-in-relation-to-the-gmra-and-market-turbulence/">ICMA FAQs in relation to the GMRA and market turbulence</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/legal-documentation/2011-global-master-repurchase-agreement-gmra-protocol-revised-adhering-parties/">2011 Global Master Repurchase Agreement (GMRA) Protocol (Revised) Adhering Parties</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Repo and Collateral Council and related groups</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-ercc-members/">ICMA European Repo and Collateral Council (ERCC)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-european-repo-and-collateral-committee/">ICMA European Repo and Collateral Committee</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-ercc-operations-group/">ICMA ERCC Operations Group</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-governance/icma-global-repo-and-collateral-forum-grcf-2/">ICMA Global Repo and Collateral Forum (GRCF)</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">ICMA ERCC Publications</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-reports/">ICMA ERCC Reports</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/frequently-asked-questions-on-repo/">Frequently Asked Questions on Repo</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-position-papers-and-responses-to-public-consultations/">ICMA ERCC Papers and Responses</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-guide-to-best-practice-in-the-european-repo-market/">ICMA ERCC Guide to Best Practice in the European Repo Market</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/">ICMA ERCC Recommendations for Reporting under SFTR</a></li> </ul> </li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/t-1-the-shortening-of-standard-settlement-cycles/">“T+1” – the shortening of standard settlement cycles</a></li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/">Market Data</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/sftr-public-data/">SFTR Public Data</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/icma-european-repo-market-survey/">ICMA European Repo Market Survey</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/euro-repo-funds-rate/">Euro Repo Funds Rate</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/market-data/icma-asia-pacific-repo-market-survey/">ICMA Asia-Pacific Repo Market Survey</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Regulation</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/mifid-ii-r-and-sfts/">MiFID II/R and SFTs</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/regulatory-reporting-of-sfts/">SFT Regulation (SFTR)</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">FinTech</a></h4> <ul class="children"> <li class="item"><a href="/fintech-and-digitalisation/operations-fintech-directory/">ICMA Ops FinTech Mapping Directory</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/">Common Domain Model (CDM)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/repo-trading-fintech-directory/">Repo Trading FinTech Directory</a></li> </ul> </li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/repo-and-sustainability/">Repo and Sustainability</a></li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">Other Resources</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/icma-guide-to-asia-repo-markets/">ICMA Guide to Asia Repo Markets</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/latest-icma-repo-news/">Latest ICMA Repo News</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/other-resources/sanctions-on-russia-considerations-for-repo-and-secondary-trading/">Sanctions on Russia: Considerations for repo and secondary trading</a></li> </ul> </li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/euro-commercial-paper-and-certificates-of-deposit/"><span>Euro Commercial Paper and Certificates of Deposit</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="item level3"><a href="/market-practice-and-regulatory-policy/euro-commercial-paper-and-certificates-of-deposit/archive/">Archive</a></li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/asset-management/"><span>Asset Management</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">ICMA AMIC Councils and Committees</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/icma-amic-councils-and-committees/amic-committee-composition/">AMIC Committee Composition</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/icma-amic-councils-and-committees/current-active-subcommittees-and-working-groups/">Current Active Subcommittees and Working Groups</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">AMIC Publications</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/amic-publications/amic-reports/">AMIC Reports and Reviews</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/amic-publications/amic-responses-to-consultations/">AMIC Responses</a></li> </ul> </li> <li class="group"> <h4><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/">Regulatory Issues</a></h4> <ul class="children"> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/eu-sustainable-finance-disclosure-regulation-sfdr/">EU Sustainable Finance Disclosure Regulation (SFDR)</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/mifid-iir-research-unbundling/">MiFID II/R - Research Unbundling</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/securitisation/">Securitisation</a></li> <li class="item"><a href="/market-practice-and-regulatory-policy/asset-management/Specific-regulatory-issues/other/">Other</a></li> </ul> </li> </ul> </li> </ul> </div> <div class="w20 col"> <h3><a href="/market-practice-and-regulatory-policy/benchmark-reform-and-transition-to-risk-free-rates/"><span>Benchmark Reform and Transition to Risk-free Rates</span></a></h3> </div> <div class="w20 col"> <h3><a href="/market-practice-and-regulatory-policy/capital-markets-union-2/"><span>Capital Markets Union</span></a></h3> </div> <div class="w20 col"> <h3><a href="/market-practice-and-regulatory-policy/international-capital-market-fragmentation/"><span>International Capital Market Fragmentation</span></a></h3> </div> <div class="w20 col"> <h3><a href="/market-practice-and-regulatory-policy/Regulatory-Policy-Newsletter/"><span>ICMA Quarterly Report</span></a></h3> </div> <div class="w20 col"> <h3><a href="/market-practice-and-regulatory-policy/icma-legal-and-regulatory-helpdesk/"><span>ICMA Legal & Regulatory Helpdesk</span></a></h3> </div> </div> <div class="section sustainable-finance"> <div class="w20 col"> <h3><a href="/sustainable-finance/the-principles-guidelines-and-handbooks/"><span>The Principles & related guidance</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/membership-governance-and-working-groups/"><span>Membership, governance & working groups of the Principles</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/icma-and-other-sustainable-finance-initiatives/"><span>Codes of Conduct for ESG Ratings and Data Products Providers</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/sustainable-bonds-database/"><span>Sustainable Bond Market Data</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/regulatory-responses-and-commentary/"><span>Regulatory responses & commentary</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/other-sustainable-finance-guidance-publications-and-initiatives/"><span>Other sustainable finance guidance, research & initiatives</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/contacts/"><span>Contacts & Principles Helpdesk</span></a></h3> </div> <div class="w20 col"> <h3><a href="/sustainable-finance/archive/"><span>Archive</span></a></h3> </div> </div> <div class="section fintech-and-digitalisation"> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"><span>FinTech Advisory Committee and related groups</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/icma-fintech-advisory-committee/">ICMA FinTech Advisory Committee</a></li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/common-domain-model-cdm/">Common Domain Model (CDM)</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/dlt-bonds-working-group/">DLT Bonds Working Group </a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/bond-data-taxonomy/">Bond Data Taxonomy Working Group</a></li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/secondary-markets/secondary-market-practices-committee-smpc-and-related-working-groups/icma-electronic-trading-council-etc/">Electronic Trading Council (ETC)</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-advisory-committee-and-related-groups/artificial-intelligence-in-capital-markets-aicm-working-group/">Artificial Intelligence in Capital Markets (AICM) Working Group</a></li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/fintech-and-digitalisation/icma-fintech-directories/"><span>ICMA FinTech Directories</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="item level3"><a href="/fintech-and-digitalisation/primary-markets-fintech-directory/">ICMA Primary Markets FinTech Directory</a></li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/secondary-markets/electronic-trading/icma-electronic-trading-fintech-directory/">ICMA Electronic Trading FinTech Directory</a></li> <li class="item level3"><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/fintech/repo-trading-fintech-directory/">ICMA Repo Trading FinTech Directory</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/operations-fintech-directory/">ICMA Operations FinTech Directory</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/icma-distributed-ledger-technology-dlt-regulatory-directory/">ICMA Distributed Ledger Technology (DLT) Regulatory directory</a></li> </ul> </li> </ul> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#"><span>FinTech resources</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="item level3"><a href="/fintech-and-digitalisation/distributed-ledger-technology-dlt/faqs-on-dlt-and-blockchain-in-bond-markets/">Frequently Asked Questions on DLT and blockchain in bond markets</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-resources/fintech-publications-consultations-and-reports/">FinTech Publications, Consultations and Reports</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-resources/fintech-regulatory-roadmap/">FinTech Regulatory Roadmap</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-resources/tracker-of-new-fintech-applications-in-bond-markets/">Tracker of New FinTech Applications in Bond Markets</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-resources/fintech-jargon/">FinTech Glossary</a></li> <li class="item level3"><a href="/fintech-and-digitalisation/fintech-resources/showcase-of-icma-member-fintech-and-software-vendors/">Showcase of ICMA member FinTech & software vendors</a></li> </ul> </li> </ul> </div> </div> <div class="section executive-education"> <div class="w20 col"> <h3><a href="/executive-education/online-self-study-courses/"><span>Online Self-Study Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/financial-market-foundations/"><span>Financial Market Foundations Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/debt-capital-market/"><span>Debt Capital Markets Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/fixed-income-trading-and-strategies/"><span>Fixed Income Trading & Strategies Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/financial-market-operations/"><span>Financial Markets Operations Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/financial-technology-courses/"><span>Financial Technology courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/repo-and-collateral/"><span>Repo & Collateral Courses</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/sustainable-finance/"><span>Sustainable Finance Courses</span></a></h3> </div> <div class="w20 col"> <ul class="items"> <li class="group"> <h3><a href="/executive-education/dubai-courses/"><span>Dubai Programmes</span></a></h3> <div class="arrow"> </div> <ul class="items children"> <li class="group"> <h4><a href="/executive-education/dubai-courses/icma-diploma-in-debt-capital-markets/">Diploma in Debt Capital Markets</a></h4> <ul class="children"> <li class="item"><a href="/executive-education/dubai-courses/icma-diploma-in-debt-capital-markets/register-your-interest-diploma-in-debt-capital-markets-2/">Register Your Interest Form | Diploma in Debt Capital Markets</a></li> </ul> </li> <li class="group"> <h4><a href="/executive-education/dubai-courses/diploma-in-securities-and-derivatives/">Diploma in Securities and Derivatives</a></h4> <ul class="children"> <li class="item"><a href="/executive-education/dubai-courses/diploma-in-securities-and-derivatives/register-your-interest-diploma-in-securities-and-derivatives-2/">Register Your Interest Form | Diploma in Securities and Derivatives</a></li> </ul> </li> </ul> </li> </ul> </div> <div class="w20 col"> <h3><a href="/executive-education/2025-scholarship-programme/"><span>2025 Scholarship Programme</span></a></h3> </div> <div class="w20 col"> <h3><a href="/executive-education/corporate-finance-certificate-training-and-certification-for-corporate-finance-practitioners-in-china/"><span>Corporate Finance 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href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/">Repo and Collateral Markets</a></li><li><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/#">ICMA ERCC Publications</a></li><li><a href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/icma-ercc-publications/icma-ercc-recommendations-for-reporting-under-sftr/">ICMA ERCC Recommendations for Reporting under SFTR</a></li></ul> <div class="printpage"><img src="/themes/bell/images/icon_print_page.gif" onclick="printpage()"/></div> <div class="clr"></div> </div> <div class="content"> <div id="information"></div> <p><a rel="noopener" href="/assets/documents/Regulatory/Repo/SFTR/ICMA-SFTR-recommendations-April-2023-050423.pdf" target="_blank"><img src="/assets/ICMA-Recommendations-for-Reporting-under-SFTR-April-2023-v3__ResizedImageWzI1MCwzNTRd.jpg" alt="ICMA Recommendations for Reporting under SFTR - April 2023" width="250" height="354" class="right ss-htmleditorfield-file image" title="ICMA Recommendations for Reporting under SFTR - April 2023" style="border: 1px solid midnightblue; margin-left: 10px; margin-right: 10px;"></a>The <em>ICMA Recommendations for Reporting under SFTR</em> aim to help members interpret the regulatory reporting framework specified by ESMA and set out complementary best practice recommendations to provide additional clarity and address ambiguities in the official guidance. <br><br>The document has been developed over the past years based on extensive feedback from members of the ERCC’s SFTR Task Force which represents over 150 firms covering the whole spectrum of the market. The Guide is not an alternative to the regulatory texts and the practices set out therein are recommendations only. It will continue to evolve to reflect additional guidance from ESMA and/or the NCAs or changes in the market consensus in relation to a specific question or market practice.<br><br>The guide itself is supplemented by other best practice documents developed by ICMA, including a collection of nearly 50 SFTR <a rel="noopener" href="https://www.icmagroup.org/assets/documents/Regulatory/Repo/SFTR/ICMA-SFTR-sample-reports-Public-171121.xlsx" target="_blank">sample reports</a>, an overview of repo life-cycle event reporting, as well as ICMA’s SFTR Quick Guide which aims to map and summarise the ICMA Recommendations. These additional best practice documents are available to ICMA members and can be accessed through the <a rel="noopener" href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/regulatory-reporting-of-sfts/sftr-task-force-resource-area/" target="_blank">ERCC SFTR Task Force members’ page</a> (<strong>ICMA member login details required</strong>). <br><br>The initial version of the ICMA Recommendations for Reporting under SFTR was published on 24 February 2020. The latest public edition of the document was released on 5 April 2023.</p><ul> <li><a rel="noopener" href="/assets/documents/Regulatory/Repo/SFTR/ICMA-SFTR-recommendations-April-2023-050423.pdf" target="_blank">ICMA Recommendations for Reporting under SFTR</a> (last updated: 5 April 2023)</li> <li><a rel="noopener" href="/assets/documents/Regulatory/Repo/SFTR/ICMA-SFTR-recommendations-April-2023-vs-Sept-2022-TC-050423.pdf" target="_blank">Blackline version</a> (showing all changes compared to the previous version published on 23 September 2022)</li> </ul><p>For further information about ICMA’s work in relation to SFTR, please check the main <a rel="noopener" href="/market-practice-and-regulatory-policy/repo-and-collateral-markets/regulation/regulatory-reporting-of-sfts/" target="_blank">SFTR webpage</a> or <a href="mailto:ercc@icmagroup.org">contact us</a>.<br><br></p><hr><p><br><span class="headerMainBlue">Contacts:</span><br><br><strong>Alexander Westphal</strong><br><em>Senior Director, Market Practice and Regulatory Policy, secretary to the ICMA European Repo and Collateral Council and Committee (ERCC) and ERCC Operations Group.</em><br>Direct line: +44 20 7213 0333<br><br><strong>Zhan Chen</strong><br><em>Associate Director, Market Practice and Regulatory Policy</em><br>Direct line: +44 20 3617 8993</p>  <div class="tabbox"> <div class="tabs clr"> </div> <div class="box"> </div> </div> </div> </div> <style> .nav .hero h1.ttl, .nav .hero h1.ttl:first-line { font-size: 45px !important; 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