ESMA · ESMA_QA_1385 Answer Published

Annex 3: Underlying Exposures - Commercial Real Estate - Collection of Other Reserves

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-11-15
Answered
2019-11-15
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Question

In addition to the examples provided of what constitute ‘Other Reserves’ in the Content to Report for this field, can reserves held for capital expenditure be included as well in this field?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.8] Yes, reserves collected for the purposes of capital expenditure can also be included in this field. The sum of reserves for operational expenditures and reserves held for capital expenditures shall be summed together when reporting information in this field.
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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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