ESMA_QA_321

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/321

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Regulatory Context

Regulation : SECR

Level 1 Regulation: Securitisation Regulation (EU) 2017/2402

Level 2 Regulation: ITS on the format and standardised templates for making available the information and details of a securitisation by the originator, sponsor and SSPE and associated ANNEXES

Level 3 Regulation: Guidelines on securitisation repository data completeness and consistency thresholds

Topic: Securitisation Disclosure Templates

Subject Matter: Annex XII - REGULATION (EU) 2020/1224 - IVSR7 - Status

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Question

Submission Date: 03 August 2021

‘There are cases in which the breach becomes an active violation only if the Noteholders, who received a notification of violation, send a written notice to activate the trigger (notice). In order to define whether a breach becames an active violation (therefore field IVSR7 = Y), is it correct to consider the event itself no an active violation since the Noteholder sends a written notice?

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ESMA Answer

Answer Date: 10-11-2023

No answer has been published yet for this question.

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