ESMA has updated the Question & Answers on the Securitisation Regulation (SECR) on 13 July 2023. In the Q&A, ESMA answers questions from market participants on the SECR. These are mainly detailed questions on the practical implementation of the regulatory provisions. The aim of the Q&A is to ensure a uniform application of the SECR requirements in the day-to-day business.
Updates mainly regarding Disclosure Requirements & Templates
ESMA's Q&A is divided into the sections Securitisation Repositories, STS Notifications and Disclosure Requirements and Templates. The disclosure section takes up most of the Q&A. This section is thus further subdivided into the subsections General Questions, Questions related to a group of fields, Questions related to individual fields and one subsection per Annex. The following table shows how many questions have been modified or added per section:
Section | Modified | New |
Securitisation Repositories | - | - |
STS Notifications | - | - |
Disclosure Requirements and Templates: | ||
General Questions | 1 | 3 |
Questions related to a group of fields | - | - |
Questions related to individual fields | 1 | - |
Annex 2 – Residential Real Estate | 1 | 1 |
Annex 3 - Commercial Real Estate | 1 | 3 |
Annex 4 – Corporate | - | 1 |
Annex 5 - Automobile | - | - |
Annex 7 – Credit Cards | - | - |
Annex 8 – Leasing | - | 1 |
Annex 9 - Esoteric | - | 2 |
Annex 10 - Non-Performing Exposures | - | - |
Annex 11 - ABCP | - | - |
Annex 12 & 13 - Investor Reports | 1 | 1 |
Annex 14 & 15 - Inside Information or Significant Event Information | - | - |
ESMA updates the Question & Answers from time to time. The latest update was on 19 November 2021.
To the full document ESMA Q&A on Securitisation Regulation
