SFTR

EU Regulation on Transparency of Securities Financing Transactions and of Reuse (2015/2365/EC (EUR Lex)), aka the securities financing transaction regulation and colloquially SFTR, is a large and pointless EU Regulation which causes unassuaged excitement amongst lawyers and profound ennui amongst everyone else.

This is the regulatory initiative that, so say some commentators, nearly caused the boredom heat death of the universe, when some well meaning industry associations produced a 5,000 word disclosure document explaining to seasoned industry professionals (whom you would think would know) what was meant by “title transfer”.