|Author (Corporate)||European Commission|
|Series Details||COM (2019) 63|
|Content Type||Policy-making, Report|
Report presented on 30 January 2019 by the European Commission assessing the regulation governing securities financing transactions in the light of the United Kingdom’s withdrawal from the European Union.
Regulation (EU) 2015/2365 on the transparency of securities financing transactions and of reuse (SFTR) aims at increasing the transparency of securities financing transactions (SFTs).
According to Article 2(2)(a) of SFTR, the Union’s central banks and public bodies charged with or intervening in the management of public debt are exempted from the reporting obligation and reuse transparency requirements under SFTR.
The current assessment is triggered by the United Kingdom’s notification of its intention to withdraw from the Union. When Union law ceases to apply to and in the United Kingdom, the exemption in Article 2(2)(a) of SFTR will no longer apply to the United Kingdom central bank or public debt management bodies.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Brexit, Economic Governance | Situation|
|Keywords||National Central Banks, Public Debt
|Countries / Regions||United Kingdom|
|International Organisations||European Union [EU]|