Availability of data held in a securitisation repository
On this provision: 3 technical standards
Amendment details· last amended 9 Apr 2021
Last amended 9 Apr 2021 by Regulation (EU) 2021/557 of 31 March 2021.
Without prejudice to Article 7(2), a securitisation repository shall collect and maintain details of the securitisation. It shall provide direct and immediate access free of charge to all of the following entities to enable them to fulfil their respective responsibilities, mandates and obligations:
ESMA;
the EBA;
EIOPA;
the ESRB;
the relevant members of the European System of Central Banks (ESCB), including the European Central Bank (ECB) in carrying out its tasks within a single supervisory mechanism under Regulation (EU) No 1024/2013;
the relevant authorities whose respective supervisory responsibilities and mandates cover transactions, markets, participants and assets which fall within the scope of this Regulation;
the resolution authorities designated under Article 3 of Directive 2014/59/EU of the European Parliament and the Council ((11));
the Single Resolution Board established by Regulation (EU) No 806/2014 of the European Parliament and of the Council ((12));
the authorities referred to in Article 29;
investors and potential investors.
ESMA shall, in close cooperation with the EBA and EIOPA and taking into account the needs of the entities referred to in paragraph 1, develop draft regulatory technical standards specifying:
the details of the securitisation referred to in paragraph 1 that the originator, sponsor or SSPE shall provide in order to comply with their obligations under Article 7(1);
the operational standards required, to allow the timely, structured and comprehensive:
the details of the information to which the entities referred to in paragraph 1 are to have access, taking into account their mandate and their specific needs;
the terms and conditions under which the entities referred to in paragraph 1 are to have direct and immediate access to data held in securitisation repositories.
ESMA shall submit those draft regulatory technical standards to the Commission by 18 January 2019.
The Commission is empowered to supplement this Regulation by adopting the regulatory technical standards referred to in this paragraph in accordance with Articles 10 (opens EUR-Lex in a new tab) to 14 (opens EUR-Lex in a new tab) of Regulation (EU) No 1095/2010 (opens EUR-Lex in a new tab).
In order to ensure uniform conditions of application for paragraph 2, ESMA, in close cooperation with the EBA and EIOPA shall develop draft implementing technical standards specifying the standardised templates by which the originator, sponsor or SSPE shall provide the information to the securitisation repository, taking into account solutions developed by existing securitisation data collectors.
ESMA shall submit those draft implementing technical standards to the Commission by 18 January 2019.
The Commission is empowered to adopt the implementing technical standards referred to in this paragraph in accordance with Article 15 (opens EUR-Lex in a new tab) of Regulation (EU) No 1095/2010 (opens EUR-Lex in a new tab).