Consultation on Third Party Firms providing STS verification services

Consultation on Third Party Firms providing STS verification services

from 19 December 2017 to 19 March 2018


Responding to this paper

ESMA invites responses to the questions set out throughout its Consultation Paper on Third Party Firm (ESMA33-128-108). Responses are most helpful if they:

  • respond to the question stated;
  • contain a clear rationale; and
  • describe any alternatives ESMA should consider.

ESMA will consider all responses received by 19 March 2018.


In order to facilitate analysis of responses to the Consultation Paper, respondents are requested to follow the below steps when preparing and submitting their response:

  • Insert your responses to the questions in the Consultation Paper in the present response form.
  • Please do not remove tags of the type <ESMA_QUESTION_TPF_1>. Your response to each question has to be framed by the two tags corresponding to the question.
  • If you do not wish to respond to a given question, please do not delete it but simply leave the text “TYPE YOUR TEXT HERE” between the tags.
  • When you have drafted your response, name your response form according to the following convention: ESMA_TPF_nameofrespondent_RESPONSEFORM. For example, for a respondent named ABCD, the response form would be entitled ESMA_TPF_ABCD_RESPONSEFORM.
  • Upload the form containing your responses, in Word format, to ESMA’s website ( under the heading “Your input – Open consultations” -  “Consultation on draft technical standards on third-party firms providing STS verification services under the Securitisation Regulation”).

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly indicate by ticking the appropriate checkbox on the website submission page if you do not wish your contribution to be publicly disclosed. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

Data protection

Information on data protection can be found at under the heading “Data protection”.

Who should read the Consultation Paper 

The Consultation Paper may be of particular interest to investors, issuers, offerors or persons asking for admission to trading on a regulated market as well as to any market participant who is affected by the Third Party Firm.

Documents available for this Consultation
19/12/2017ESMA33-128-108 response formResponse form - Consultation Paper Third-Party Firm STS Verification Application


Activity Institution Download
Austrian Federal Economic Chamber, Division Bank and Insurance
Banking European Savings and Retail Banking Group
Others Irish Debt Securities Association (ISDA)
Others Arfima Financial Solutions
Others True Sale International GmbH
Others Dutch Securitisation Association
Others Prime Collateralised Securities (PCS)