Securitisation repositories shall calculate a data completeness score for each data submission by using the scoring matrix set out in Table 1 of the Annex and the following inputs:
Where:denotes the total number of fields in a data submission containing the respective "No Data Option" values that are reported in accordance with Article 9(3) of Delegated Regulation (EU) 2020/1224.
N denotes the total number of fields in the data submission where any "No Data Option" values (ND1 to ND4) are permitted to be reported in accordance with Article 9(3) of Delegated Regulation (EU) 2020/1224.
For the purposes of calculating the data completeness score, fields completed using the format of "ND4-YYYY-MM-DD" shall be understood as "ND4".
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.