3.3.1 General case
114. Article 2 establishes the scope of application of SFTR and Article 2(1) defines more specifically the entities subject to the regulation, whereas Articles 2(2) and 2(3) establish certain exemptions to the application of reporting and disclosure requirements.
115. Furthermore, Article 4(1) establishes the general reporting obligation for the conclusion, modification and termination of SFTs.
116. Furthermore, Article 4(3) provides a framework for the allocation of responsibility for reporting by counterparties that are subject to the regulation.
117. Moreover, there are certain instances in which the framework of mandatory delegation might suggest that the SFT has to be reported by entities, e.g. UCITS management company or AIFM or an FC, established in third country.
118. The guidance on population of fields in the case of allocation of responsibility under Article 4(3) SFTR is included in Section Error! Reference source not found. of the Guidelines.
3.3.2 TC-FC
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