European Parliament will consider the proposed SFT Regulation on reporting and transparency of securities financing transactions (SFT Regulation) on 6- 9 July 2015. The SFT Regulation includes a reporting obligation for SFT counterparties, as well as provisions on transparency, the registration and supervision of trade repositories and public disclosure to investors. SFTs are transactions that use assets belonging to one counterparty to generate financing, such as lending or borrowing of securities and commodities, repurchase or reverse repurchase transactions, or buy-sell back or sell-buy back transactions. The SFT Regulation will impact UCITS management companies, self- managed UCITS investment companies and alternative investment fund managers in respect of investment fund SFT activity.