ESMA Updates XML Schema and Instructions for Securitization Reporting
ESMA published the updated reporting instructions and XML schema for the templates set out in the technical standards on disclosure requirements. In addition, the securitization policy section on ESMA website has been updated, with information about the recent technical standards that have been published on the EC website. ESMA also published the updated ISO 20022 XML Schema to be used for reporting under the Securities Financing Transactions Regulation or SFTR.
The XML schema and instructions for securitization reporting were initially published on July 17, 2019 in advance of the draft disclosure technical standards being adopted by EC to assist affected entities in preparing for their entry into force. The updates to the XML schema and reporting instructions for securitization reporting reflect certain adjustments made to ensure alignment with the final disclosure technical standards as published by EC on October 16, 2019 as well as feedback provided by stakeholders since July. The changes in reporting instructions include clarification of the unique identification of the asset-backed commercial paper (ABCP) and non-ABCP securitizations and removal of the report unique identifier to only include new ReportType element for the Investor report and the Inside Information/Significant Event Report. ReportType will be used to cancel separately each of these reports. The updated XML schema applies final regulatory technical standard amendments on unique identifiers, Field codes value, and Content to report description, along with the amendments related to the Report unique identifier, incorrect ND4 structure, and parent and child tags called similarly. The XML Schema updates also fix the naming inconsistency issues.
Related Links
- Press Release on Securitization Reporting
- Instructions for Securitization Reporting (PDF)
- XML Schema for Securitization Reporting (ZIP)
- Disclosure Requirements and Templates
- Press Release on SFTR Reporting
Keywords: Europe, EU, Banking, Securities, Reporting, Securitization, XML, Schema, Disclosures, Securitization Regulation, SFTR, Securities Financing Transactions, ABCP, EC, ESMA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Scott Dietz
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Previous Article
Dubai FSA and CBE Sign MoU to Facilitate Supervisory TasksRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
