SFTR Article 15

Article 15 is one of the three main articles related to the Securities Financing Transactions Regulation (SFTR), which was introduced as part of the European Union’s response to the Financial Stability Board’s August 2013 policy proposals for greater market transparency.

With a focus on transparency, Article 15 intends to inform market participants of the potential re-use risks and consequences involved when consenting to a right of use of collateral provided under a security collateral arrangement or concluding a title transfer collateral arrangement. HSBC’s notices below aim to provide such information.

These notices apply whenever a counterparty that meets one of the criteria below is entering into a Title Transfer Collateral Agreement (TTCA) or Collateral re-use arrangement with clients that are established in the EU* or UK.

1. A counterparty that is established in the EU* / UK
2. A counterparty that is a branch of a non-EU* / UK entity which is established in the EU* / UK

Below are the SFTR Article 15 notices and the regions for which the document is applicable. Please select the link below which is applicable to you for your review and should you have any questions please reach out to your usual HSBC contact.

• UK SFTR notice (PDF, 184KB) for counterparties in the United Kingdom
• EU SFTR notice (PDF, 182KB) for counterparties in the European Union (English version)
• EU SFTR notice (PDF, 163KB for counterparties in the European Union (French version)

*And the EEA more generally, which also includes the EU, Iceland, Liechtenstein and Norway.