SECN 11.10 Information completeness and consistency

The information made available pursuant to SECN 6 and this chapter must be complete and consistent.

Where the reporting entity identifies factual errors in any information that it has made available pursuant to SECN 6 and this chapter, it must make available, without undue delay, a corrected report of all information about the securitisation required under SECN 6 and this chapter.

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. (1)

   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. (2)

   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. (3)

   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. (4)

   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’ must respectively refer to the numerical year, month, and day corresponding to the future date on which the required information will be made available; and

5. (5)

   value ‘ND5’, where the required information is not applicable to the item being reported.

1. (1)

   For the purposes of SECN 11.10.3R, the report of any ND values must not be used to circumvent the requirements in this chapter.

2. (2)

   On request by the FCA, PRA or the Pensions Regulator, the reporting entity must provide details of the circumstances that justify the use of those ND values.