ESMA · ESMA_QA_1392 Answer Published

Annex 4: Underlying Exposures - Corporate - Managed by CLO

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-01-31
Answered
2019-01-31
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Question

What is meant by ‘also being managed by the CLO manager’?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.6.1] This refers to a situation where the CLO manager also manages a participation in the same underlying exposure, and that participation is not securitised.
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