Question ID
2014_898
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
N/A
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
ANNEX II REPORTING ON OWN FUNDS AND OWN FUNDS REQUIREMENTS
Name of institution / submitter
Parker James
Country of incorporation / residence
UK
Type of submitter
Individual
Subject matter
C 14.00 – DETAILED INFORMATION ON SECURITISATIONS (SEC DETAILS) - FIELD 030
Question

Field 030 - Identifer of the Originator. How are multi-seller securitisations to be reported for Investor positions?

Background on the question

According to the guidelines this field is required for Investor positions as well as Originator positions however for multi-seller securitisations it states "the reporting entity shall provide the identifier of all the entities within its consolidated group that are involved in the transaction". This makes sense for Originator positions however how do we report multi-seller Investor positions?

Submission date
Final publishing date
Final answer

If the institution or the group of institutions reports only as an investor (column 110) for positions in multi-seller securitisations the "originator" in column 030 does not need to be reported.

According to Annex II of Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS) referring to C 14.00 column 030 the institution only has to report the originators of multi-seller securitisations that belong to its consolidated group. As the template has to be rendered on a consolidated basis (see paragraph 110 of Annex II) for institutions or groups reporting only as investors (column 110) there is no originating entity within the consolidated group. Otherwise they would report as originators.

 

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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