Does SFTR extend to EEA Central Banks?

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• Does SFTR extend to EEA Central Banks?

Does SFTR extend to EEA Central Banks?

Status: Under Review Last Updated: 26/04/2021

Question:
Given that SFTR is based on EEA entities, should the ESCB exclusion also include the central banks of EEA countries who are not EU member states? (Central Bank of Iceland, Norges Bank, National Bank of Liechtenstein)

Best Practice:
See Level I text: REGULATION (EU) 2015/2365 – 25 November 2015 Article 2(2). Articles 4 and 15 do not apply to:

• members of the European System of Central Banks (ESCB), other Member State’s bodies performing similar functions, and other Union public bodies charged with, or intervening in, the management of the public debt;

• the Bank for International Settlements. Article 2(3). Article 4 does not apply to transactions to which a member of the ESCB is a counterparty. Members of the ESCB are excluded from SFTR. See below a full list of ESCB members, transactions with central banks outside of the ESCB should be included within SFTR Reporting.

(See here for more information regarding MiFID II requirement for ESCB transactions.)

1. European Central Bank

2. Austria: Oesterreichische National Bank

3. Belgium: National Bank of Belgium

4. Cyprus: Central Bank of Cyprus

5. Estonia: Eesti Pank

6. Finland: Bank of Finland

7. France: Banque de France

8. Germany: Deutsche Bundesbank

9. Greece: Bank of Greece

10. Ireland: Central Bank of Ireland

11. Italy: Bank of Italy

12. Latvia: Latvijas Banka

13. Lithuania: Bank of Lithuania

14. Luxembourg: Banque Centrale du Luxembourg

15. Malta Central: Bank of Malta

16. Netherlands: De Nederlandsche Bank

17. Portugal: Banco de Portugal

18. Slovakia: Národná banka Slovenska

19. Slovenia: Bank of Slovenia

20. Spain: Banco de Espana

21. Bulgaria: Bulgarian National Bank

22. Croatia: Croatian National Bank

23. Czech Republic: Czech National Bank

24. Denmark: Danmarks Nationalbank

25. Hungary: Magyar Nemzeti Bank

26. Poland: Narodowy Bank Polski

27. Romania: National Bank of Romania

28. Sweden: Sveriges Riksbank (SFTR-252)