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.
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