ESMA_QA_1387

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1387

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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: Annex 3: Underlying Exposures - Commercial Real Estate - Sponsor

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Question

Submission Date: 15 November 2021

How must this field be completed where the “sponsor” is a joint venture, or an externally managed fund. Which entity or entities should be named here?

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ESMA Answer

Answer Date: 15-11-2021

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.10] Where the sponsoring arrangement for this underlying exposure is being provided by a joint venture (i.e. multiple entities), then the lead (coordinating) entity should be entered here. In the context of a fund with an external manager and multiple investors, then the external manager must be entered here.

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