![]() ESMA therefore makes no claim or commitment as regards the final accuracy of such mapping between the draft templates and the ECB’s templates. These references have been produced on a best-effort basis, and do not form part of ESMA’s draft technical standards. To further facilitate stakeholders’ analyses, the templates include references to the European Central Bank (ECB) asset-backed securities loan-level data template fields, where available. The disclosure technical standards include 15 reporting templates. These are available below using a format that may, in ESMA’s view, assist stakeholders in their analysis of the technical standards. As of that date, the transitional provision allowing for the use of the so-called “CRA 3” reporting templates will cease to apply (see Article 43(8) of the Securitisation Regulation). These technical standards entered into force on 23 September 2020. Commission implementing regulation laying down implementing technical standards with regard to the format and standardised templates for making available the information and details of a securitisation by the originator, sponsor and SSPE (hereinafter: the disclosure ITS).Commission delegated regulation supplementing Regulation (EU) 2017/2402 with regard to regulatory technical standards specifying the information and the details of a securitisation to be made available by the originator, sponsor and SSPE (hereinafter: the disclosure RTS) and. ![]() ![]() On 3 September 2020, the following two technical standards on disclosure requirements under the Securitisation Regulation were published in the Official Journal of the European Union: Elsewhere, ESMA has been designated as the supervisor of securitisation repositories, in a similar manner to its supervision of trade repositories under EMIR and SFTR. In close cooperation with EBA and EIOPA, ESMA is also tasked with the responsibility of specifying the general cooperation obligation and information to be exchanged between competent authorities and the European Supervisory Authorities (EBA, EIOPA, ESMA). In addition, securitisations seeking to be considered as STS must fulfil additional criteria and notify ESMA of their fulfilment of these criteria on the basis of notification templates established by ESMA for non-ABCP transactions, ABCP transactions and ABCP programmes.įrom 1 January 2019, ESMA must maintain a list of securitisations meeting these STS criteria on its website, in addition to providing the STS notifications. The Securitisation Regulation confers a number of tasks upon ESMA, including to design reporting requirements for a number of features of securitisations, such as details of their underlying exposures, of the securitisation instrument structure, and of the performance of the transaction. The Regulation was published in the Official Journal of the European Union on 28 December 2017 and is a cornerstone of the EU’s efforts to establish a capital markets union, by creating a single market for investment services and activities and to ensure a high degree of harmonised protection for investors in financial instruments. The Securitisation Regulation establishes a general framework for securitisation and creates a specific framework for simple, transparent and standardised (STS) securitisation.
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