Energy firms say looming EU reporting rules too broad in scope
SFTR vagaries cause confusion over commodity-specific transactions
The European energy industry is worried that overly broad definitions in the Securities Financing Transaction Regulation (SFTR) will capture trades that are not pure financing transactions, and place an undue reporting burden on firms.
The rules already require non-financial companies to keep records of all securities financing transactions (SFTs), which comprise repurchase agreements, lending or borrowing of securities or commodities, buy-backs, sell-backs and any instances of collateral being
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