ESMA_QA_1312
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1312
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: How to handle character limitations in certain fields RREL79; RREL82; IVFS4
Question
Submission Date: 28 May 2021
What do I do if the character limitation in a field does not allow me to provide the full name or description of an, for example: a) if the legal name of a company exceeds 100 characters (cf. fields RREL79/RREL82); or b) if the description of a cashflow item exceeds 1000 characters (c.f. IVSF4)?
ESMA Answer
Answer Date: 28-05-2021
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.27] In general, ESMA will consider ways to enable additional characters in fields where this is justified. For this reason, stakeholders who identify this problem for fields not mentioned in this Q&A are invited to notify ESMA via the mailbox securitisation@esma.europa.eu. In the meantime, please follow the instructions below. a) Where the legal name of an entity exceeds 100 characters, please insert the first 100 characters of the name of the entity. b) If the description of a cashflow item (IVSF4) exceeds 1000 characters, please provide the description of the cashflow item in the “Any other information Section” of the “Inside information or significant event report”. In the field IVSF4, please insert text explaining where the relevant information can be found including the relevant “Any Other Information Line Number” (i.e. SESO2 or SEAO2).
This document was automatically extracted from the ESMA EMIR Q&A database.