ESMA · ESMA_QA_1288 Answer Published

‘No Data’ options ND1-ND4, as well as ND5 (‘Not Applicable’)

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-07-17
Answered
2019-07-17
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Question

Where ND5 is listed as a permitted response in a given field, can it be entered to signify that the data item is not relevant to the risk assessment in the context of the current transaction?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.11.c] No. Under no circumstances can ND5 be entered in instances where the reporting entity deems that the information is not relevant to the risk assessment. ND5 is limited to being used where the information is not applicable to the field in question.
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This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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