SFTR Myth-Busting....... Buy-side can delegate their obligation to report

SFTR Myth-busting: 'Buy-side can delegate their obligation to report' 

Buy-side firms trading SFTs are required to report for SFTR.

Some firms believe they can outsource their responsibility for reporting to their brokers - but this is wrong.
In previous regulations such as EMIR, many brokers offered reporting services for their buy-side counterparts.
This meant buy-side firms did not need to report for themselves.

Whilst the buy-side can delegate their reporting operations, the responsibility always remains with them.
So if their reporting goes wrong, the sanction will still fall on them
Buy-side firms need to decide; are they prepared to outsource the risk?

UnaVista has solutions that cut the complexity of reporting for the buy-side.

Simplify SFTR reporting with UnaVista.