European DataWarehouse Enters Examination Phase of FCA Application Process
London, UK — 23 November 2021
European DataWarehouse Ltd. is pleased to announce it has entered the final stage of the application process to become a Securitisation Repository (SR) under the FCA. To mark this milestone, the FCA has released the following statement:
“The Financial Conduct Authority (FCA) announces that it has assessed completeness and now reached the examination stage in the assessment process of applications received from Securitisation Repositories (SRs) under the UK Securitisation Regulation.
The obligation to report public securitisations within the scope of the UK Securitisation Regulation to a SR that is registered and supervised by us will apply as soon as one SR is registered. The FCA will inform market participants when the registration of the first SR(s) is completed. The FCA has 40 working days in which to examine the application for registration and, if favourable, the entity will be registered as a SR.
The FCA encourages reporting entities to take all necessary preparatory measures to comply with their reporting obligations to a SR.”
To learn more, please see FCA’s announcement here.
About European DataWarehouse
European DataWarehouse (EDW) is the first and the only centralised data repository in Europe for collecting, validating and distributing detailed, standardised and asset class specific loan-level data for Asset-Backed Securities (ABS) and private whole loan portfolios. EDW stores loan-level data and corresponding documentation for investors and other market participants. Operating as a market infrastructure and designated by the Eurosystem, EDW aims to increase transparency and restore confidence in the ABS market. Through EDW’s data, users are able to analyse underlying portfolios in a more efficient way and compare portfolios on a systematic basis.
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