Does SFTR extend to EEA central banks?

Status: Best Practice Finalised, 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:

(a) 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;

(b) 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 Franc
e 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)