February 26, 2020

European Commission Confirms Scope of Securities Financing Transactions Regulation for Non-EU Funds

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Shearman & Sterling LLP

In a letter published by the International Securities Lending Association, the European Commission confirms that the reporting obligations of the EU Securities Financing Transactions Regulation will not apply to non-EU Alternative Investment Funds, even if the manager is an EU AIFM, except for SFTs concluded in the course of the operations of the non-EU AIF’s EU branch.

View the letter.

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