ESMA_QA_1292

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1292

---

Regulatory Context

Regulation : SECR

Level 1 Regulation: Securitisation Regulation (EU) 2017/2402

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Securitisation Disclosure Templates

Subject Matter: Legacy pools and Purchased exposures

---

Question

Submission Date: 15 November 2019

For granular “legacy pools” of underlying exposures that have been sold and which changed servicer, there is often a lack of data available from the previous servicers. For instance, regarding information on “restructured” underlying exposures in field RREL69, should this information reflect whether the previous servicer restructured the underlying exposure?

---

ESMA Answer

Answer Date: 15-11-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.19] As set out in paragraphs 93-104 of ESMA’s Final Report on the disclosure technical standards, there is no additional tolerance provided for ‘legacy pools’ other than the ability to use the ‘No Data’ options.

---

This document was automatically extracted from the ESMA EMIR Q&A database.