Is the usage of estimated Energy Performance Certificate values allowed if exact information is not available from any publicly accessible sources? Specifically and in particular for the building stock across countries.

Dear ESMA,

Trust you are doing fine.

My team and I have been wondering which ESMA template would be needed for B2B BNPL assets. Most essentially, B2B BNPL (“Buy Now, Pay Later”) refers to invoice payments in B2B online shops, i.e. for online business activities between (small- and medium sized) companies. The payment window varies between 14 and 60 days. Upon consultation with European Data Warehouse, we have been told that the B2B BNPL assets would most likely fall under SME or Esoteric, and hence the Corporate/Esoteric Template be needed. Could you please confirm whether this is in line with your judgement?

Thank you very much in advance.

Kind regards,
Noemi Jaekel

(a) With regards to Art. 42 (Statistical data) of the Commission Delegated Regulation (EU) 2017/392, should the CSD provide under 1c, 1d, 1e, 1g and 1h nominal value for securities expressed in units?

Paragraphs 40 and 41 of the Guidelines on performance fees recommend that the length of the performance reference period (if this is shorter than the whole life of the fund) should be set equal to at least 5 years. Is this requirement applicable to the hurdle rate model?

Based on paragraph 40 of the Guidelines on performance fees, how should the performance reference period for the benchmark model be set?