ESMA_QA_1408

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1408

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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 10: Underlying Exposures - Non-Performing Exposures - Reporting of non-performing exposures securitisations – use of the EBA templates

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Question

Submission Date: 19 November 2021

When do the EBA templates have to be used and when do the templates in ESMA’s securitisation disclosure technical standards have to be used?

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ESMA Answer

Answer Date: 19-11-2021

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.12.1] Where a securitisation meets the definition of a ‘non-performing securitisation’ set out in Article 1(5) of the (ESMA) RTS on Disclosure, then the templates set out in the ESMA’s ITS on Disclosure should be used for reporting information on the non-performing underlying exposures contained in that securitisation. The EBA templates for Non-Performing Loans are not specifically concerned with securitisations. While, stakeholders are free to also complete the EBA templates if they wish to, the only regulatory requirement with respect to the Securitisation Regulation and disclosure of information for non-performing exposure securitisations is that the applicable templates in ESMA’s securitisation disclosure technical standards be completed. For more information about how to complete the NPE templates, reporting entities are invited to consult the resources available on the EBA dedicated webpage: NPLs | European Banking Authority (europa.eu).

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