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DTCCs Response to SFTR Delay

By DTCC Connection Staff | March 19, 2020

In response to the announcement that the European Securities and Markets Authority (ESMA) expects competent authorities not to prioritize their supervisory actions towards reporting entities in respect to the Securities Financing Transactions Regulation (SFTR) until July 13, 2020, DTCC’s Val Wotton, DTCC Managing Director of Product Development and Strategy, Repository and Derivatives Services, said:

“DTCC has been encouraged by the industry’s progress around SFTR preparations to date – evidenced by the testing which is currently underway. However, in light of the current circumstances, we support ESMA’s move to provide market participants with additional time to prepare. We remain committed to assisting our clients in preparing for the new deadline and our Global Trade Repository (GTR) SFTR service will be ready as and when the financial industry is required to go-live.”

DTCC’s GTR has now opened the production environment for pre-production testing to enable code, test production connectivity and submission of messages. Via DTCC’s SFTR portal, clients are able to setup end-of-day reports and view all their reported data and reconciliation results online.

To learn more about our SFTR solution, please visit