ESMA_QA_1374
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1374
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: Insurance or Investment Provider
Question
Submission Date: 28 May 2020
(a) In the event of multiple providers, should all of their names be provided?
(b) This field is formatted as ‘Alphanum-100’, how should longer (multiple) entries be entered?
(c) Does this field refer to fire insurance as required under national law?
ESMA Answer
Answer Date: 28-05-2020
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.4.5] (a) Yes, please provide all of the names between 2 braces separated by a delimiter “;” (for example: {Name1;Name2;Names3}). (b) Where space constraints prevent this information from being entered, then an appropriate abbreviation should be provided. In addition, the full names should be provided in the Any Other Information section of Annex XIV. Each line provided in that section should include the underlying exposure identifier, as well as field code RREL78, and in addition the full names of the insurance or investment provider(s). See also Q&A 1375. (c) Yes, any insurances in which protection is given to the collateral’s value should be entered into this field, even when the direct beneficiary of the insurance contract is not the originator of the underlying exposure but rather the tenant or obligor. This includes fire insurance as required under national law.
This document was automatically extracted from the ESMA EMIR Q&A database.