European Data Warehouse supports non-EU issuers in complying with EU Securitisation Regulation disclosure requirements with secure technical solutions and wide EU investor access.
DISCLOSURE SOLUTIONS FOR NON-EU ISSUERS
TRANSPARENCY AND DISCLOSURE REQUIREMENTS IN THE EU FOR NON-EU ISSUERS
Entities seeking to issue a securitisation to EU investors are obliged to meet Article 7 requirements of the Securitisation Regulation (EU) 2017/2402.
Under Article 5(1)(e), institutional investors have to verify the availability of the information as per Article 7 of the EU Securitisation Regulation, which sets out the transparency obligations.
As such, non-EU or ‘third country’ issuers are subject to providing
- Key underlying documentation to investors pre-pricing
- Loan-level data and investor reports adhering to the ESMA prescribed format
LEVERAGING EDW REPORTING SOLUTIONS FOR EU REGULATORY COMPLIANCE
Non-EU issuers can upload loan-level data and documentation in the prescribed ESMA format to EDW’s secure platform to help EU investors meet their due diligence obligations.
All investors worldwide, who are registered users of EDW’s platform, will benefit from seamlessly accessing non-EU issuers transaction data alongside EU data, from a centralised location.
Issuers can also leverage free tools such as EDW Deal Reports to gain comprehensive insights into the market and to compare a deal’s parameters to others at a glance.
Additionally EDW’s CSV2XML Converter assists reporting entities to prepare data in the XML file format, as prescribed by ESMA. Users can populate their templates in the easy-to-use CSV format and upload these files to EDW’s EDITOR platform to be converted with one click.
SINGLE ACCESS POINT FOR PRIVATE TRANSACTIONS
EDW’s robust technology facilitates the controlled transmission of files to investors, rating agencies, and supervisory authorities via its bespoke Private Area.
Issuers using EDW’s Private Area have total control over access at both organisation and user level.
With over 300 private transactions hosted in EDW’s Private Area, selected market participants can access all underlying exposures and other relevant documentation, via a user-friendly interface.
SECURE, ROBUST, RELIABLE TECHNOLOGY
In line with the legal requirements set in the Commission Delegated Regulation 2020/1230, EDW systems are protected from misuse, unauthorised access, and attacks.
EDW’s technical and organisational measures ensure the security and integrity of the information uploaded to its platform and has regularly tested mechanisms in place to ensure the continuity of its services in case of disruptive events.
Information from reporting entities is transmitted through secure machine-to-machine interfaces and SSH File Transfer Protocol.