Final pieces of the puzzle fall into place – Data Repositories

On Friday 25th, the final pieces of the STS regulatory puzzle fell into place when ESMA registered two securitisation repositories.

The registrations of both the European Datawarehouse GmbH, based in Frankfurt, and Secrep B.V. , based in Rotterdam, were announced on the same day.

Both firms have long experience in the field, Secrep B.V. having been set up by the founders of Euro-ABS. Both will be able to operate throughout the EU.

Following this registration, originators of European Union securitisations will – as of 30th June 2021 – mandatorily have to report their data through one of these repositories.

This announcement means that the last piece of the securitisation regime that came into force on 1st January 2019 is now in place, at least in the European Union. In the UK, the FCA is expected to follow soon.