Do SFTs with central banks have to be reported?

>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Question:
If trading with an EU Central Bank, is SFTR still required by the other participant in what has now effectively become a one-sided / non-matching reporting obligation?

Best Practice:
Under EU SFTR:
SFT activity, where the counterparty is a member of the European System of Central Banks (ESCB) is excluded from reporting under SFTR and must instead be reported via MiFIR. (See here for more information.)

SFTR activity, where the Counterpart is a Central Bank of a non-EU third country should be reported under SFTR in the normal way.

For further information on how to report ESCB lending under MiFID II, please see the summary document and reporting template example on how to report.
https://www.islaemea.org/regulation-and-policy/markets-regulation/mifid-mifir/

Under UK SFTR:

Publication Notice 96. on 28/02/2022 - confirmed that SFTs with Bank of England should no longer be reported under MiFIR or SFTR, and transactions with any other central bank, ESCB or otherwise, will be reported under SFTR as a normal transaction effective from 01/04/2022.
https://www.fca.org.uk/publication/fca/handbook-notice-96.pdf (SFTR-166)