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🔗 Back to Summary. 🇫🇷 French Version: 2020R1230_FR.13. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 12 – Information about the applicant’s staff members involved in the provision of core securitisation services ⬅️ | ➡️ Article 14 – Information technology resources
Article 13 - Financial reports and business plans
(1) An application for registration as a securitisation repository shall contain the following financial information:
(a)
a complete set of financial statements of the applicant, prepared in conformity with either of the following:
(i)
international standards adopted in accordance with 2002 of the European Parliament and of the Council
;
(ii)
national accounting standards of the Member State in which the applicant is established, as required by Directive 2013/34/EU of the European Parliament and of the Council
;
(b)
where the financial statements of the applicant are subject to statutory audit within the meaning given in Article 2(1) of Directive 2006/43/EC of the European Parliament and of the Council
, the financial statements shall contain the audit report on the annual and consolidated financial statements;
(c)
where the applicant is audited, the name and the national registration number of the external auditor.
(2) Where the financial information referred to in paragraph 1 is not available, an application for registration as a securitisation repository shall contain the following information about the applicant:
(a)
a pro-forma statement demonstrating proper resources and expected business status in the six months following registration as a securitisation repository;
(b)
an interim financial report where the financial statements are not yet available for the period of time required under the acts specified in paragraph 1;
(c)
a statement of financial position, such as a balance sheet, income statement, changes in equity and of cash flows, a summary of accounting policies and other explanatory notes required under the acts specified in paragraph 1.
(3) An application for registration as a securitisation repository shall contain a financial business plan, containing different business scenarios for the provision of core securitisation services over a minimum three-year reference period and including the following information for each scenario:
(a)
the expected revenue from each of the following categories of service provided by the applicant, stated separately for each such category:
(i)
core securitisation services;
(ii)
ancillary securitisation services;
(iii)
core trade repository services of centrally collecting and maintaining the records of derivatives under Regulation (EU) No 648/2012;
(iv)
ancillary trade repository services that are directly related to and arising from centrally collecting and maintaining the records of derivatives under Regulation (EU) No 648/2012;
(v)
core trade repository services of centrally collecting and maintaining the records of securities financing transactions under Regulation (EU) 2015/2365;
(vi)
ancillary trade repository services that are directly related to and arising from centrally collecting and maintaining the records of securities financing transactions under Regulation (EU) 2015/2365;
(vii)
combined ancillary services that are directly related to and arising from each of the following combinations of service: — both core securitisation services and core trade repository services of centrally collecting and maintaining the records of derivatives under Regulation (EU) No 648/2012; — both core securitisation services and core trade repository services of centrally collecting and maintaining the records of securities financing transactions under Regulation (EU) 2015/2365; — both core trade repository services of centrally collecting and maintaining the records of derivatives under Regulation (EU) No 648/2012 and core trade repository services of centrally collecting and maintaining the records of securities financing transactions under Regulation (EU) 2015/2365;
(viii)
any ancillary non-securitisation services, whether or not provided in the Union, that are subject to registration and to supervision by a public authority;
(b)
the number of securitisation transactions that the applicant expects to be made available to users listed in 2017;
(c)
the fixed and variable costs for providing core securitisation services.
The different business scenarios identified in the financial business plan shall include a base revenue scenario, positive and negative variations of at least 20 % from that base revenue scenario, and positive and negative variations of at least 20 % from the base expected number of securitisation transactions identified in the financial business plan.
(4) An application for registration as a securitisation repository shall contain the audited annual financial statements of any parent undertaking for the three financial years preceding the date of the application, where available.
(5) An application for registration as a securitisation repository shall contain the following information about the applicant:
(a)
an description of any future plans for the establishment of subsidiaries and the location of those subsidiaries;
(b)
a description of planned business activities, including business activities of any subsidiaries or branches.