+REGULATION (EU) 2015/2365 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance)
---+CHAPTER I SUBJECT MATTER, SCOPE AND DEFINITIONS
------+Article 1 Subject matter
------+Article 2 Scope
---------+Article 2 1.
---------+Article 2 2.
---------+Article 2 3.
---------+Article 2 4.
------+Article 3 Definitions
---+CHAPTER II TRANSPARENCY OF SFTS
------+Article 4 Reporting obligation and safeguarding in respect of SFTs
---------+Article 4 1.
---------+Article 4 2.
---------+Article 4 3.
---------+Article 4 4.
---------+Article 4 5.
---------+Article 4 6.
---------+Article 4 7.
---------+Article 4 8.
---------+Article 4 9.
---------+Article 4 10.
---+CHAPTER III REGISTRATION AND SUPERVISION OF A TRADE REPOSITORY
------+Article 5 Registration of a trade repository
---------+Article 5 1.
---------+Article 5 2.
---------+Article 5 3.
---------+Article 5 4.
---------+Article 5 5.
---------+Article 5 6.
---------+Article 5 7.
---------+Article 5 8.
------+Article 6 Notification of and consultation with competent authorities prior to registration or extension of registration
---------+Article 6 1.
---------+Article 6 2.
------+Article 7 Examination of the application
---------+Article 7 1.
---------+Article 7 2.
------+Article 8 Notification of ESMA decisions relating to registration or extension of registration
---------+Article 8 1.
---------+Article 8 2.
---------+Article 8 3.
------+Article 9 Powers of ESMA
---------+Article 9 1.
---------+Article 9 2.
------+Article 10 Withdrawal of registration
---------+Article 10 1.
---------+Article 10 2.
---------+Article 10 3.
---------+Article 10 4.
------+Article 11 Supervisory fees
---------+Article 11 1.
---------+Article 11 2.
------+Article 12 Transparency and availability of data held in a trade repository
---------+Article 12 1.
---------+Article 12 2.
---------+Article 12 3.
---+CHAPTER IV TRANSPARENCY TOWARDS INVESTORS
------+Article 13 Transparency of collective investment undertakings in periodical reports
---------+Article 13 1.
---------+Article 13 2.
---------+Article 13 3.
------+Article 14 Transparency of collective investment undertakings in pre-contractual documents
---------+Article 14 1.
---------+Article 14 2.
---------+Article 14 3.
---+CHAPTER V TRANSPARENCY OF REUSE
------+Article 15 Reuse of financial instruments received under a collateral arrangement
---------+Article 15 1.
---------+Article 15 2.
---------+Article 15 3.
---------+Article 15 4.
---+CHAPTER VI SUPERVISION AND COMPETENT AUTHORITIES
------+Article 16 Designation and powers of competent authorities
---------+Article 16 1.
---------+Article 16 2.
---------+Article 16 3.
------+Article 17 Cooperation between competent authorities
---------+Article 17 1.
---------+Article 17 2.
---------+Article 17 3.
------+Article 18 Professional secrecy
---------+Article 18 1.
---------+Article 18 2.
---------+Article 18 3.
---------+Article 18 4.
---------+Article 18 5.
---+CHAPTER VII RELATIONSHIP WITH THIRD COUNTRIES
------+Article 19 Equivalence and recognition of trade repositories
---------+Article 19 1.
---------+Article 19 2.
---------+Article 19 3.
---------+Article 19 4.
---------+Article 19 5.
---------+Article 19 6.
---------+Article 19 7.
---------+Article 19 8.
------+Article 20 Indirect access to data between authorities
------+Article 21 Equivalence of reporting
---------+Article 21 1.
---------+Article 21 2.
---+CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES
------+Article 22 Administrative sanctions and other administrative measures
---------+Article 22 1.
---------+Article 22 2.
---------+Article 22 3.
---------+Article 22 4.
---------+Article 22 5.
---------+Article 22 6.
---------+Article 22 7.
------+Article 23 Determination of administrative sanctions and other administrative measures
------+Article 24 Reporting of infringements
---------+Article 24 1.
---------+Article 24 2.
---------+Article 24 3.
------+Article 25 Exchange of information with ESMA
---------+Article 25 1.
---------+Article 25 2.
---------+Article 25 3.
---------+Article 25 4.
------+Article 26 Publication of decisions
---------+Article 26 1.
---------+Article 26 2.
---------+Article 26 3.
---------+Article 26 4.
---------+Article 26 5.
---------+Article 26 6.
------+Article 27 Right of appeal
------+Article 28 Sanctions and other measures for the purpose of Articles 13 and 14
---+CHAPTER IX REVIEW
------+Article 29 Reports and review
---------+Article 29 1.
---------+Article 29 2.
---------+Article 29 3.
---------+Article 29 4.
---------+Article 29 5.
---+CHAPTER X FINAL PROVISIONS
------+Article 30 Exercise of delegated powers
---------+Article 30 1.
---------+Article 30 2.
---------+Article 30 3.
---------+Article 30 4.
---------+Article 30 5.
------+Article 31 Committee procedure
---------+Article 31 1.
---------+Article 31 2.
------+Article 32 Amendments to Regulation (EU) No 648/2012
------+Article 32a Accessibility of information on the European single access point
---------+Article 32a 1.
---------+Article 32a 2.
---------+Article 32a 3.
---------+Article 32a 4.
---------+Article 32a 5.
---------+Article 32a 6.
---------+Article 32a 7.
------+Article 33 Entry into force and application
---------+Article 33 1.
---------+Article 33 2.
---+ANNEX
 English - European Union - Financial Industry -

REGULATION (EU) 2015/2365 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

REGULATION (EU) 2015/2365 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 25 November 2015

on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012

(Text with EEA relevance)

This Regulation shall be binding in its entirety and directly applicable in all Member States.

1. Översikt

,
CHAPTER I SUBJECT MATTER, SCOPE AND DEFINITIONS CHAPTER I SUBJECT MATTER, SCOPE AND DEFINITIONS
CHAPTER II TRANSPARENCY OF SFTS CHAPTER II TRANSPARENCY OF SFTS
CHAPTER III REGISTRATION AND SUPERVISION OF A TRADE REPOSITORY CHAPTER III REGISTRATION AND SUPERVISION OF A TRADE REPOSITORY
CHAPTER IV TRANSPARENCY TOWARDS INVESTORS CHAPTER IV TRANSPARENCY TOWARDS INVESTORS
CHAPTER V TRANSPARENCY OF REUSE CHAPTER V TRANSPARENCY OF REUSE
CHAPTER VI SUPERVISION AND COMPETENT AUTHORITIES CHAPTER VI SUPERVISION AND COMPETENT AUTHORITIES
CHAPTER VII RELATIONSHIP WITH THIRD COUNTRIES CHAPTER VII RELATIONSHIP WITH THIRD COUNTRIES
CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES CHAPTER VIII ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES
CHAPTER IX REVIEW CHAPTER IX REVIEW
CHAPTER X FINAL PROVISIONS CHAPTER X FINAL PROVISIONS
ANNEX



ANNEX

Section A –    Information to be provided in the UCITS half-yearly and annual reports and the AIF’s annual report

Global data:

— 
The amount of securities and commodities on loan as a proportion of total lendable assets defined as excluding cash and cash equivalents;
— 
The amount of assets engaged in each type of SFTs and total return swaps expressed as an absolute amount (in the collective investment undertaking’s currency) and as a proportion of the collective investment undertaking’s assets under management (AUM).

Concentration data:

— 
Ten largest collateral issuers across all SFTs and total return swaps (break down of volumes of the collateral securities and commodities received per issuer’s name);
— 
Top 10 counterparties of each type of SFTs and total return swaps separately (Name of counterparty and gross volume of outstanding transactions).

Aggregate transaction data for each type of SFTs and total return swaps separately to be broken down according to the below categories:

— 
Type and quality of collateral;
— 
Maturity tenor of the collateral broken down in the following maturity buckets: less than one day, one day to one week, one week to one month, one to three months, three months to one year, above one year, open maturity;
— 
Currency of the collateral;
— 
Maturity tenor of the SFTs and total return swaps broken down in the following maturity buckets: less than one day, one day to one week, one week to one month, one to three months, three months to one year, above one year, open transactions;
— 
Country in which the counterparties are established;
— 
Settlement and clearing (e.g., tri-party, Central Counterparty, bilateral).

Data on reuse of collateral:

— 
Share of collateral received that is reused, compared to the maximum amount specified in the prospectus or in the disclosure to investors;
— 
Cash collateral reinvestment returns to the collective investment undertaking.

Safekeeping of collateral received by the collective investment undertaking as part of SFTs and total return swaps:

Number and names of custodians and the amount of collateral assets safe-kept by each of the custodians

Safekeeping of collateral granted by the collective investment undertaking as part of SFTs and total return swaps:

The proportion of collateral held in segregated accounts or in pooled accounts, or in any other accounts

Data on return and cost for each type of SFTs and total return swaps broken down between the collective investment undertaking, the manager of the collective investment undertaking and third parties (e.g. agent lender) in absolute terms and as a percentage of overall returns generated by that type of SFTs and total return swaps

Section B –    Information to be included in the UCITS Prospectus and AIF disclosure to investors:

— 
General description of the SFTs and total return swaps used by the collective investment undertaking and the rationale for their use.
— 
Overall data to be reported for each type of SFTs and total return swaps
— 
Types of assets that can be subject to them
— 
Maximum proportion of AUM that can be subject to them
— 
Expected proportion of AUM that will be subject to each of them.
— 
Criteria used to select counterparties (including legal status, country of origin, minimum credit rating).
— 
Acceptable collateral: description of acceptable collateral with regard to asset types, issuer, maturity, liquidity as well as the collateral diversification and correlation policies.
— 
Collateral valuation: description of the collateral valuation methodology used and its rationale, and whether daily mark-to-market and daily variation margins are used.
— 
Risk management: description of the risks linked to SFTs and total return swaps as well as risks linked to collateral management, such as operational, liquidity, counterparty, custody and legal risks and, where applicable, the risks arising from its reuse.
— 
Specification of how assets subject to SFTs and total return swaps and collateral received are safe-kept (e.g. with fund custodian).
— 
Specification of any restrictions (regulatory or self-imposed) on reuse of collateral.
— 
Policy on sharing of return generated by SFTs and total return swaps: description of the proportions of the revenue generated by SFTs and total return swaps that is returned to the collective investment undertaking, and of the costs and fees assigned to the manager or third parties (e.g. the agent lender). The prospectus or disclosure to investors shall also indicate if these are related parties to the manager.

1.1 Referenser

1.2 Identifierade krav

1.3 Relaterade standarder

2. Identifierade krav

Krav

3. Relaterade standarder

Standarder

Länkade ärenden

Länkar
is related to Imported: Wertpapierfinanzierungsgeschäfte-Verordnung (SFTR) (CELEX:02015R2365-20240109)