First-time reporting obligations for investment firms and banks under SFTR and EEA-WPFGD

From 1 February 2025, the gradual applicability of Art. 4 para. 1 of the SFTR (reporting obligation for securities financing transactions) for investment firms and banks in Liechtenstein or third-country entities that would require an authorization as an investment firm or authorization as a bank if they were established in the EEA will take effect for the first time. Further information can be found in Guidance 2022/1.

The FMA points out that for insurance and reinsurance undertakings, UCITS and, where applicable, their management companies under the UCITSG, AIFs managed by AIFMs under the AIFMG and institutions for occupational retirement provision and non-financial counterparties, the first reporting obligation under Article 4(1) SFTR will not apply until November 1, 2025.

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