Securitisation Repositories Update

A securitisation repository centrally collects and maintains the records of securitisations. The securitisation repository concept was introduced by the EU Securitisation Regulation as a means to provide investors in a "public securitisation" (ie a securitisation where a prospectus has to be drawn up in compliance with the EU Prospectus Regulation) with a single and supervised source of the data necessary for performing their due diligence.

In our update in September 2020 "Securitisation Regulation Requirements to Enter Into Force" we highlighted that entities who wish to be registered as a securitisation repository by the European Securities and Markets Authority ("ESMA") could submit their application from 23 September 2020. Until ESMA has registered at least one securitisation repository, information that should be made available by reporting entities to securitisation repositories on public securitisations must continue to be made available via a website which