The International Securities Lending Association (ISLA), the Association for Financial Markets in Europe (AFME), the Futures Industry Association (FIA), the International Capital Market Association (ICMA), and the International Swaps and Derivatives Association, Inc. (ISDA) have jointly published an updated statement that can be used to help market participants comply with Article 15 of the Securities Financing Transactions Regulation as it forms part of ‘retained EU law’ as defined in the European Union (Withdrawal) Act 2018 (UK SFTR).
The UK SFTR Information Statement can be used to inform market participants of the general risks and consequences that may be involved in consenting to a right of use of collateral provided under a security collateral arrangement or of concluding a title transfer collateral arrangement. Market participants can tailor the statement to suit their own specific circumstances.
The UK SFTR Information Statement is based upon the Information Statement previously published by the associations and has been adjusted only to the extent necessary to reflect the equivalent provisions of UK SFTR.
This, alongside the EU SFTR Information Statements (including a blackline and multiple language versions) can be found here.
