ESMA has today issued this statement and this press release, asking NCAs to “not prioritise supervisory actions” with regards to the upcoming start of reporting under SFTR. The first start of reporting date is on 13 April 2020 for credit institutions, investment firms, and relevant third country entities. The statement recognises the pressure on resources at covered entities due to the current Corona virus situation. This follows a letter sent by the ICMA and ISLA to ESMA, asking for a delay. A copy of the letter can be found here.
Most non financial entities in energy and commodities that are within scope will only need to start reporting in January 2021 (see here).