ESMA consults on the use of No Data options in securitisation reporting
ESMA consults on the use of No Data options in securitisation reporting
Friday 17 January 2020 10:47
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a Consultation Paper on Guidelines on securitisation repository data completeness and consistency thresholds. The consultation’s objective is to help market participants and securitisation repositories to understand ESMA’s expected maximum use of No Data options contained within a securitisation data submission.
The proposed Guidelines set out an initial calibration of thresholds to be applied by securitisation repositories when verifying the completeness and consistency of disclosure templates submitted to them under the technical standards (TS), recently published by the European Commission (EC),...