Additional Sector Classification

Field 1.06 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No>

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

Field 1.06 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No

Description:
In the case where the reporting counterparty is an Undertaking for Collective Investment in Transferable Securities (UCITS) or Alternative Investment Fund (AIF), a code that determines whether it is an Exchange-Traded Fund (ETF) or a Money Market Fund (MMF). In the case where the reporting counterparty is an Alternative Investment Fund (AIF) or a non-financial counterparty undertaking financial and insurance activities or real estate activities, a code that determines whether it is a Real Estate Investment Trust (REIT).

Best Practice:
If Field 1.05 (Sector Of The Reporting Counterparty) is populated with "K" or "L" or "AIFD" or "UCIT", at least one code pertaining to the classification of the additional sector of the financial counterparties shall be provided, of which there are 4 options (x4 alphabetical characters). (SFTR-8)