Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 340+ of our top selling titles.
plus Unlimited access to 30000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at €10,99 per month, unless cancelled.
Upgrade for €1.09
Then just €10,99 / month. Cancel anytime.
Learn more
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Italy version of the site.
Would you like to switch to your local site?
Leggi ovunque Read anywhere
Modalità di pagamento Pocketmags Payment Types
Trusted site
A Pocketmags si ottiene
Fatturazione sicura
Ultime offerte
Web & App Reader
Loyalty Points

SFT Regulation Comes into Effect on 12 January 2016

Impact on fund managers

Background and Timing

Regulation (EU) 2015/2365 on Transparency of Securities Financing Transactions and of Reuse (the ‘SFT Regulation’) has been published in the EU Official Journal and applies from 12 January 2016. As an EU regulation, it applies directly in each EU Member State without the need for local implementing legislation.


The SFT Regulation applies to securities financing transactions (‘SFTs’) and total return swaps (‘TRSs’). An SFT, for these purposes, includes repo transactions, securities or commodities lending or borrowing, buysell back or sell-buy back transactions, and margin lending.

This article describes the provisions of the SFT Regulation that will be of particular relevance to alternative investment fund managers (‘AIFMs’) established in the EU, management companies of Undertakings for Collective Investment in Transferable Securities (‘UCITS’), and firms that provide investment management services to alternative investment funds (‘AIFs’) and UCITS on a delegated basis (collectively, ‘fund managers’).

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.