Prudential Regulation Authority Rulebook

1

The information made available pursuant to Article 7 of Chapter 2 and this Chapter shall be complete and consistent.

2

Where the reporting entity identifies factual errors in any information that it has made available pursuant to Article 7 of Chapter 2 and this Chapter, it shall make available, without undue delay, a corrected report of all information about the securitisation required under Article 7 of Chapter 2 and this Chapter.

3

Where permitted in the corresponding Annex, the reporting entity may report one of the following ‘No Data Option’ (ND) values corresponding to the reason justifying the unavailability of the information to be made available:

1. (a) value ‘ND1’, where the required information has not been collected because it was not required by the lending or underwriting criteria at the time of origination of the underlying exposure;
2. (b) value ‘ND2’, where the required information has been collected at the time of origination of the underlying exposure but is not loaded into the reporting system of the reporting entity at the data cut-off date;
3. (c) value ‘ND3’, where the required information has been collected at the time of origination of the underlying exposure but is loaded into a separate system from the reporting system of the reporting entity at the data cut-off date;
4. (d) value ‘ND4-YYYY-MM-DD’, where the required information has been collected but it will only be possible to make it available at a date taking place after the data cut-off date. ‘YYYY-MM-DD’ shall respectively refer to the numerical year, month and day corresponding to the future date at which the required information will be made available; or
5. (e) value ‘ND5’, where the required information is not applicable to the item being reported.

For the purposes of this paragraph, the report of any ND values shall not be used to circumvent the requirements in this Article 7 of Chapter 2 and this Chapter.

Upon request by the PRA, the reporting entity shall provide to the PRA details of the circumstances that justify the use of those ND values.