SIFMA AMG Information Statement in accordance with Article 15 of the Securities Financing Transaction Regulation

SIFMA’s Asset Management Group (AMG) has prepared an information statement to address Article 15 of the EU’s Securities Financing Transaction Regulation (SFTR). Article 15 requires that, for arrangements involving the right of reuse of collateral or a title transfer collateral arrangements, the counterparty has been duly informed in writing by the receiving counterparty of “the risks and consequences that may arise in the event of the default of the receiving counterparty.”