SFTR has now gone live for both the sell-side and buy-side and many market commentators have deemed it to be a success, pointing to the high acceptance rates by Trade Repositories (TR) in respect of report submissions. However, relying solely on report acceptance rates will not give a firm a full picture of how successful their implementation has been; nor will give assurance that a firm is reporting every field completely and accurately or is compliant with all aspects of the regulation, including the L3 guidance text.

In this paper we explore the importance of a post go-live health check that will review the End-to-End (E2E) solution put in place for SFTR, and highlight any areas of the regulation which could give rise to issues for a firm now or in the future.