ESMA_QA_1349

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1349

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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: Primary Income Verification

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Question

Submission Date: 27 May 2019

How should the Primary Income Verification field be completed where the obligor is a legal person?

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ESMA Answer

Answer Date: 27-05-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.14] The most appropriate verification option should be entered. For example, if income (in this case, revenue) has been verified, then the ‘VRFD’ (representing ‘Verified’) should be entered. If a credit bureau has been used instead, then ‘SCRG’ (representing ‘Credit Bureau Information or Scoring’) should be entered.

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