Securitisation Repositories Update: First Two Securitisation Repositories Registered By ESMA

Further to our update in April 2021 the European Securities and Markets Authority ("ESMA") has now approved the registrations of the first two securitisation repositoriesOpens in new window under the EU Securitisation Regulation.  European DataWarehouse GmbH and SecRep B.V. have been registered as securitisation repositories for the European Union.

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.