ESMA’s consultation papers seek stakeholders’ views on:
The application requirements for firms seeking to register with ESMA as securitisation repositories. This consultation paper also includes draft Guidelines on the transfer of data between securitisation repositories.
Technical advice to the European Commission on securitisation repository fees: the type of supervisory fees, the matters for which fees are due, the amount of the fees and the manner in which they are to be paid.
Securitisation Regulation
The Securitisation Regulation establishes a general framework for securitisation and creates a specific framework for simple, transparent and standardised (STS) securitisation. As part of these arrangements, the Regulation requires certain information to be reported about securitisations to securitisation repositories, which will be registered and supervised by ESMA.
In addition, the Securitisation Regulation grants ESMA the right to charge fees to securitisation repositories, so as to fully cover its necessary expenditure relating to the registration and supervision of securitisation repositories as well as the reimbursement of any costs that competent authorities incur as a result of any delegation of tasks by ESMA to these authorities. ESMA recently received a request from the European Commission to provide technical advice for these fees.
The consultation is open for feedback until 23 May 2018.
Application requirements for firms seeking to register with ESMA as securitisation repositories
Technical advice to the European Commission on securitisation repository fees
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