ISLA logo

Small NFC Delegated Reporting

Small NFC Delegated Reporting


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

If borrowing from a Small NFC through an Agent Lender, will the Agent Lender report on behalf of the Small NFC?

Best Practice:
The regulation passes the reporting obligation on to the borrower, rather than the agent lender, if they are an eligible, EU-domiciled, FC participant. Otherwise, the Small NFC has to perform this or allocate the task to a voluntary delegate.

See ISLA Best Practice SFTR-164 for further detail and references to ESMA Final Report and Guidelines. (SFTR-248)


Creating your PDF, please wait.

PDF created successfully.

Sorry, your PDF could not be created at this time.


Already a member? Login to your account

Interested in becoming a member?

ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.

Become a member today