Guidance

Draft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019

Draft statutory instrument, which will make amendments to retained EU law, and existing UK law, related to securities financing transactions, to be laid under the European Union (Withdrawal) Act 2018.

Documents

Details

This SI will make amendments to retained EU law, and existing UK law, related to securities financing transactions (SFTs) to ensure that the regime continues to operate effectively in a UK context once the UK leaves the EU. SFTs are transactions, such as repurchase agreements (repos), where securities are used to borrow cash, or vice versa. The SFT Regulation aims to address concerns that SFTs allow for the build-up of leverage, have pro-cyclical effects and increase interconnectedness in the financial markets. The draft SI itself is provided, alongside an explanatory policy note. HM Treasury intends to lay this SI before Parliament before exit.

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Published 19 December 2018
Last updated 8 August 2019 + show all updates
  1. Updated with email alerts link.
  2. First published.