Q84. What other aspects need to be considered to make the process more efficient? Please elaborate on the reasons for your response?
544. Article 4 RTS on data access under SFTR specifies the set up of access to details of SFTs. Article 4(1) establishes the requirements with regards to the process to be followed, whereas Article 4(2) refers to the information that needs to be provided by an authority to for the TR to be able to set up the access to data.
545. In the CP, ESMA presented clarification with regards to the timelines for provision of access to SFT data by TRs. It was clarified that this should take place 30 days following the submission of a completed request from the authority to set up data access.
546. ESMA moreover asked market participants what additional clarifications might be needed to ensure that the data is provided on time to authorities.
547. Following the feedback received, ESMA has thus amended the guidelines on timelines for provision of data access relating t
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