ESMA_QA_1439

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1439

---

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: Annexes 12 and 13: Investor Reports - Risk Transfer Method

---

Question

Submission Date: 17 July 2019

For synthetic transactions, where the risk transfer method cannot be “true sale”, how should this field be completed?

---

ESMA Answer

Answer Date: 17-07-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.17] For any transaction, for which the risk transfer method is not “true sale”, the appropriate response option is ‘N’ (‘No’).

---

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