An application for registration as a securitisation repository shall contain a description of the policies and procedures put in place by the applicant to:
authenticate the identity of the user accessing the applicant's systems;
authorise and permit the recording of information received by the applicant under Regulation (EU) 2017/2402 for the relevant securitisation;
comply with Articles 2 to 4 of Delegated Regulation (EU) 2020/1229;
verify and highlight duplicate submissions;
identify information not received by it where there is an obligation to make that information available under Article 7(1) of Regulation (EU) 2017/2402.
The application shall also contain documentation providing several detailed example test cases, including graphics, that demonstrate the applicant's ability to comply with the obligations set out in paragraph 1. With regard to point (c) of paragraph 1, several detailed example test cases shall be provided for each of the verifications listed in Article 4 of Delegated Regulation (EU) 2020/1229.
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.