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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.

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Preamble

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and in particular Article 10(8) thereof,

Whereas:

  1. (1)

    A uniform format for applications to the European Securities and Markets Authority (ESMA) for registration as a securitisation repository or for extension of a registration of a trade repository should ensure that all information required pursuant to Commission Delegated Regulation (EU) 2020/1230 is submitted to, and easily identified by, ESMA.

  2. (2)

    It is important that the information in those applications be submitted in a format that enables storage for future use and reproduction. Therefore, these applications should be submitted in a durable medium.

  3. (3)

    In order to facilitate the identification of the information submitted within those applications, a unique reference number and a title for each of their documents should be provided. For the same reason, the applicant should be required to identify any information submitted by reference to the provision of Delegated Regulation (EU) 2020/1230 which that information relates to.

  4. (4)

    This Regulation is based on the draft implementing technical standards submitted by ESMA to the Commission.

  5. (5)

    In accordance with Article 15 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council, ESMA has conducted an open public consultation on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Securities and Markets Stakeholder Group established by Article 37 of that Regulation,

HAS ADOPTED THIS REGULATION:

Article -1 Interpretation

Where a term in this Regulation is defined in Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012, that definition shall apply for the purposes of this Regulation unless the contrary intention appears.

Article 1 Format of the application for registration and extension of registration

  1. (1)

    Applicants for registration as a securitisation repository under Article 10(5)(a) of Regulation (EU) 2017/2402 shall complete the formats set out in Annex 1 to this Regulation.

  2. (2)

    Trade repositories applying for an extension of registration under Article 10(5)(b) of Regulation (EU) 2017/2402 shall complete the formats set out in Annex 2 to this Regulation.

  3. (3)

    For the purposes of paragraphs 1 and 2, the applications shall be submitted:

    1. (a)

      in an instrument which enables the recipient to store information addressed personally to the recipient in a way accessible for future reference for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored;

    2. (b)

      with a unique reference number assigned to each document included in the application.

ANNEX I Formats for an application for registration as a securitisation repository

Table 1 General information

GENERAL INFORMATION

Date of application

Corporate name of securitisation repository

Place of incorporation and scope of business activity

Legal entity identifier (LEI) registered with the Global Legal Entity Identifier Foundation

Legal address of the securitisation repository

Legal address of any subsidiaries of the securitisation repository

Legal address of any branches of the securitisation repository

Uniform resource locator (URL) of the securitisation repository's website

The securitisation types, risk transfer methods and underlying exposure types for which the applicant repository is applying to be registered

If the applicant is authorised or registered in the United Kingdom, the reference number related to the authorisation or registration

Name of the person(s) responsible for the application

Contact details of the person(s) responsible for the application

Name of person(s) responsible for the securitisation repository compliance (or any other staff involved in compliance assessments for the securitisation repository)

Contact details of the person(s) responsible for the securitisation repository compliance, or any other staff involved in compliance assessments for the securitisation repository, in relation to its provision of core securitisation services

Name of any parent undertaking

LEI registered with the Global Legal Entity Identifier Foundation of any parent undertaking

Legal address of any parent undertaking

Name of the responsible supervisory authority for any parent undertaking

Reference number of the responsible supervisory authority for any parent undertaking

Name of any ultimate parent undertaking

LEI registered with the Global Legal Entity Identifier Foundation of any ultimate parent undertaking

Legal address of any ultimate parent undertaking

Name of the responsible supervisory authority for any ultimate parent undertaking

Reference number of the responsible supervisory authority for any ultimate parent undertaking

Table 2 Document referencesFor all information required in Commission Delegated Regulation (EU) 2020/1230 with the exception of points (a) to (c), (e), (f), (h) and (i) of Article 2(2) and Article 7(2) thereof.

Provision of Commission Delegated Regulation (EU) 2020/1230 containing the information requirement to which the document relates

Unique reference number of document

Title of the document

Chapter or section or page of the document where the information is provided or reason why the information is not provided

ANNEX II Formats for an application of a trade repository for extension of registration

Table 1 General information

GENERAL INFORMATION

Date of application

Date of registration of the applicant as a trade repository

Corporate name of securitisation repository

Legal entity identifier (LEI) registered with the Global Legal Entity Identifier Foundation

Legal address of the securitisation repository

Legal address of any subsidiaries of the securitisation repository

Legal address of any branches of the securitisation repository

Uniform resource locator (URL) of the securitisation repository's website

Legal Entity Identifier (LEI) registered with the Global Legal Entity Identifier Foundation

The securitisation types, risk transfer methods and underlying exposure types for which the applicant repository is applying to be registered

If the applicant is authorised or registered in the United Kingdom, the reference number related to the authorisation or registration

Name of the person(s) responsible for the application

Contact details of the person(s) responsible for the application

Name of person(s) responsible for the securitisation repository compliance, or any other staff involved in compliance assessments for the securitisation repository, in relation to its provision of core securitisation services

Contact details of the person(s) responsible for the securitisation repository compliance (or any other staff involved in compliance assessments for the securitisation repository)

Table 2 Document referencesFor all information required in Commission Delegated Regulation (EU) 2020/1230 with the exception of points (a) to (c), (e), (f), (h) and (i) of Article 2(2) and Article 7(2) thereof.

Provision of Commission Delegated Regulation (EU) 2020/1230 containing the information requirement to which the document relates

Unique reference number of document

Title of the document

Chapter or section or page of the document where the information is provided or reason why the information is not provided