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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.

Article 15 Information collection and availability mechanisms

  1. (1)

    An application for registration as a securitisation repository shall contain:

    1. (a)

      a detailed description of the procedure and of the resources, methods and channels that the applicant will use to ensure the timely, structured and comprehensive collection of data from reporting entities, including a copy of any reporting manual to be made available to reporting entities;

    2. (b)

      a description of the resources, methods and channels that the applicant will use to ensure direct and immediate access to the information referred to in Articles 2 to 8 of Commission Delegated Regulation (EU) 2020/1224 to the entities listed in Article 17(1) of Regulation (EU) 2017/2402, including a copy of any user manual and internal procedures that are needed for obtaining such access;

    3. (c)

      a description of the procedures that the applicant will use to calculate the data completeness scores referred to in Article 3 of Delegated Regulation (EU) 2020/1229 and a description of the resources, methods and channels that the applicant will use to ensure direct and immediate access to those data completeness scores to the entities listed in Article 17(1) of Regulation (EU) 2017/2402, in accordance with that Regulation, including a copy of any user manual and internal procedures that are needed for obtaining such access.

  2. (2)

    The detailed description referred to in point (a) of paragraph 1 shall:

    1. (a)

      distinguish between automated and manual resources, methods, and channels;

    2. (b)

      where any of the resources, methods or channels are manual:

      1. (i)

        describe how those resources, methods or channels are scalable as referred to in point (b) of Article 14 of this Regulation;

      2. (ii)

        describe the specific procedures put in place by the applicant to ensure that those resources, methods and channels comply with Article 24 of this Regulation.