Guidance

Draft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019

Draft statutory instrument, which will make amendments to retained EU law, and existing UK law, related to securities financing transactions, to be laid under the European Union (Withdrawal) Act 2018.

• From: HM Treasury
• Published: 19 December 2018
• Last updated: 8 August 2019 — See all updates

Documents

The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019: draft statutory instrument

PDF, 424 KB, 20 pages

The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019: explanatory information

HTML

Details

This statutory instrument (SI) will make amendments to retained EU law, and existing UK law, related to securities financing transactions (SFTs) to ensure that the regime continues to operate effectively in a UK context once the UK leaves the EU. SFTs are transactions, such as repurchase agreements (repos), where securities are used to borrow cash, or vice versa. The SFT Regulation aims to address concerns that SFTs allow for the build-up of leverage, have pro-cyclical effects and increase interconnectedness in the financial markets. The draft SI itself is provided, alongside an explanatory policy note. HM Treasury intends to lay this SI before Parliament before exit.

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Published 19 December 2018
Last updated 8 August 2019 + show all updates

1. 8 August 2019

   Updated with email alerts link.

2. 19 December 2018

   First published.