This paper sets out the fees structure we intend to establish for securitisation repositories (SRs) when responsibility for their regulation passes to us from ESMA (European Securities and Markets Authority) after the UK leaves the EU (European Union) on 29 March 2019. SRs are established under the Securitisation Regulation and none have yet been formed.
Our proposals for SRs are integrated into the structure we have developed for credit rating agencies (CRAs) and trade repositories (TRs). The regulation of CRAs and TRs will also pass to us from ESMA when the UK leaves the EU and we consulted on our proposals in chapter 2 of CP18/34.
This Consultation Paper applies to any firms which are considering setting up securitisation repositories. It may also be of interest to trade repositories and credit rating agencies.
Please send us your comments by 11 February 2019.
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We will consider your comments and publish our feedback, along with our rules, in our Handbook Notice in March 2019.