ESMA · ESMA_QA_1436 Answer Published

Annexes 12 and 13: Investor Reports - Test/Event/Trigger Breach

Name: Annexes 12 and 13: Investor Reports - Test/Event/Trigger Breach: ESMA Q&A — EU Financial Regulatory Q&A
Creator: European Securities and Markets Authority
License: https://creativecommons.org/licenses/by/4.0/

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

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Question

What data should be reported in the fields IVSR3 and IVSR4 in cases where there has been a breach of test or of a trigger?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.14] The data provided in IVSR3 and IVSR4 should not be modified due to a breach of a test or a trigger. Such an event is instead captured by the fields IVSR6 (Actual Value) and IVSR7 (Status).

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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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