ESMA_QA_1312
28/05/2021
Subject Matter
How to handle character limitations in certain fields RREL79; RREL82; IVFS4
    What do I do if the character limitation in a field does not allow me to provide the full name or description of an, for example:
    a) if the legal name of a company exceeds 100 characters (cf. fields RREL79/RREL82); or
    b) if the description of a cashflow item exceeds 1000 characters (c.f. IVSF4)?
    ESMA Answer
    28-05-2021

      [ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.27]

      In general, ESMA will consider ways to enable additional characters in fields where this is justified. For this reason, stakeholders who identify this problem for fields not mentioned in this Q&A are invited to notify ESMA via the mailbox securitisation@esma.europa.eu. In the meantime, please follow the instructions below.

      a) Where the legal name of an entity exceeds 100 characters, please insert the first 100 characters of the name of the entity.

      b) If the description of a cashflow item (IVSF4) exceeds 1000 characters, please provide the description of the cashflow item in the “Any other information Section” of the “Inside information or significant event report”. In the field IVSF4, please insert text explaining where the relevant information can be found including the relevant “Any Other Information Line Number” (i.e. SESO2 or SEAO2).

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      Securitisation Regulation (EU) 2017/2402
      Topic
      Securitisation Disclosure Templates