European DataWarehouse Enters Final Phase of ESMA Application Process
Frankfurt, Germany— 26 April 2021
European DataWarehouse is pleased to announce it has entered the final stage of the application process to become a Securitisation Repository (SR) under ESMA. To mark this milestone, ESMA has released the following statement:
“The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, announces that it has reached the last stage in the assessment process of applications received from Securitisation Repositories (SRs) under the Securitisation Regulation (SECR).
The obligation to report securitisation transactions to an SR under the SECR will apply as soon as one SR is formally registered. ESMA will inform market participants when the registration of the first SR(s) is completed. ESMA has 40 working days in which to finalise its assessment of the registration and, if favourable, the entity will be registered as a SR five working days after the registration decision is adopted.
ESMA encourages reporting entities to take all necessary preparatory measures to comply with their reporting obligations to a SR.”
To learn more, please see ESMA’s announcement here.
About European DataWarehouse GmbH
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.
European DataWarehouse GmbH
Marketing & Communications Manager
Tel. 49 (0) 69 50986 9326