Question ID
2014_901
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
N/A
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
ANNEX II REPORTING ON OWN FUNDS AND OWN FUNDS REQUIREMENTS
Name of institution / submitter
Parker James
Country of incorporation / residence
UK
Type of submitter
Individual
Subject matter
C 14.00 – DETAILED INFORMATION ON SECURITISATIONS (SEC DETAILS) - FIELD 080
Question

Field 080 - Type of Retention Applied. How do we report for Investor positions? Information is not publicly available.

Background on the question

The guidelines state this field is required for Investor positions as well as Originator positions. There doesn't appear to be a requirement for Retention Type to be disclosed in the prospectus and pre-2009 the retention requirement did not exist. Two options for this field are 'N' (Not Applicable) and 'U' (Unknown). 'N' suggests securitisations issued before 2011 are not applicable (however may become so after 31/12/2014 should new underlying exposures be added - does this include Further Advances?) and 'U' suggests can be used if the reporting institution does not know which type of retention has been applied.

Submission date
Final publishing date
Final answer

Investors shall report the type of retention applied in C 14.00 column 080 of Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS) only if it is known to them. Otherwise the institutions reports "U" (see instructions). If the investor knows that Article 405 of the Regulation (EU) No. 575/2013 (CRR) is not applicable he should report "N".

According to paragraph 111 of the instructions there is no general reporting exemption for investors referring to column 080.  

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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