ESMA_QA_1329

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1329

---

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: Definition of ‘arrears’

---

Question

Submission Date: 31 January 2019

How are arrears defined? Is there a standard definition that should be used?

---

ESMA Answer

Answer Date: 31-01-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.2.11] The Securitisation Regulation does not provide a definition of ‘arrears’. Reporting entities should use the most appropriate regulatory or supervisory definition applicable to them and/or to the underlying exposure.

---

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