On 28th May 2020, the European Securities and Markets Authority (ESMA) updated its Questions and Answers on the Securitisation Regulation (Regulation 2017/2402).
The majority of the new Q&As in this document provide clarification on different aspects of the templates contained in the draft technical standards on disclosure which are published on the website of the European Commission.
In particular, the document clarifies how several specific fields in the templates should be completed, including questions which are specific to fields in the ABCP template. The document also contains clarifications addressed to securitisation repositories.
The purpose of this document is to promote common, uniform and consistent supervisory approaches and practices in the day-to-day application of the Securitisation Regulation and to help regulated entities comply with their obligations.
Changes to the document:
- Processing of data queries by securitisation repositories
- Disclosure Requirements and Templates