Joint Associations’ Letter to ESMA Regarding COVID-19 & SFTR Implementation

As many of you know, throughout last week, ISLA were in communication with ESMA regarding the impacts of COVID-19 on SFTR preparations. Yesterday, in conjunction with ICMA, we sent a formal letter to ESMA requesting a delay of SFTR go-live until October 2020 (phase 3). The letter contained examples of how firms are being negatively impacted by the combination of the pandemic and extreme market volumes and volatility.

We are pleased to now share this with all ISLA members.

Click here to access the full letter.

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