Entity Responsible for the Report

Field 1.10 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No>

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

Field 1.10 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No

Description:
In the case where a financial counterparty is responsible for reporting on behalf of the other counterparty in accordance with Article 4(3) of Regulation (EU) No 2365/2015, the unique code identifying that counterparty. In the case where a management company is responsible for reporting on behalf of an Undertaking for Collective Investment in Transferable Securities (UCITS) in accordance with Article 4(3) of Regulation (EU) No 2365/2015, the unique code identifying that management company. In the case where an Alternative Investment Fund Manager (AIFM) is responsible for reporting on behalf of an Alternative Investment Fund (AIF) in accordance with Article 4(3) of Regulation (EU) No 2365/2015, the unique code identifying that AIFM, in all other cases, the Reporting Counterparty, even where the responsible entity has outsourced reporting to another entity.

Best Practice:
This field shall contain a valid LEI recognised by GLEIF. The LEI shall pertain to a legal entity and not a branch. The status of the LEI for all message templates can be either:

• Issued

• Pending Transfer

• Pending Archival

Additionally, for message template 'ETRM', the status of the LEI can also be:

• Lapsed

• Retired

In all scenarios except two, including delegated reporting and agency or principal business models, the Entity Responsible for the Report (1.10) will always be equal to the Reporting Counterparty (1.03).

The two exceptions to this statement are under an Agency model where:
i. A management company is responsible for reporting on behalf of an UCITS fund in accordance with Article 4(3) of Regulation (EU) No 2365/2015 (Level I Text), the unique code identifying that management company, and:

ii. An AIFM is responsible for reporting on behalf of AIF in accordance with Article 4(3) of Regulation (EU) No 2365/2015 (Level I Text), the unique code identifying that AIFM. (SFTR-12)