Article 13
Financial reports and business plans
(1) An application for registration as a securitisation repository shall contain the following financial information:
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(a) |
a complete set of financial statements of the applicant, prepared in conformity with either of the following:
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(b) |
where the financial statements of the applicant are subject to statutory audit within the meaning given in Article 2(1) of Directive 2006/43/EC of the European Parliament and of the Council (7), the financial statements shall contain the audit report on the annual and consolidated financial statements; |
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(c) |
where the applicant is audited, the name and the national registration number of the external auditor. |
(2) Where the financial information referred to in paragraph 1 is not available, an application for registration as a securitisation repository shall contain the following information about the applicant:
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(a) |
a pro-forma statement demonstrating proper resources and expected business status in the six months following registration as a securitisation repository; |
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(b) |
an interim financial report where the financial statements are not yet available for the period of time required under the acts specified in paragraph 1; |
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(c) |
a statement of financial position, such as a balance sheet, income statement, changes in equity and of cash flows, a summary of accounting policies and other explanatory notes required under the acts specified in paragraph 1. |
(3) An application for registration as a securitisation repository shall contain a financial business plan, containing different business scenarios for the provision of core securitisation services over a minimum three-year reference period and including the following information for each scenario:
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(a) |
the expected revenue from each of the following categories of service provided by the applicant, stated separately for each such category:
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(b) |
the number of securitisation transactions that the applicant expects to be made available to users listed in Article 17(1) of Regulation (EU) 2017/2402; |
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(c) |
the fixed and variable costs for providing core securitisation services. |
The different business scenarios identified in the financial business plan shall include a base revenue scenario, positive and negative variations of at least 20 % from that base revenue scenario, and positive and negative variations of at least 20 % from the base expected number of securitisation transactions identified in the financial business plan.
(4) An application for registration as a securitisation repository shall contain the audited annual financial statements of any parent undertaking for the three financial years preceding the date of the application, where available.
(5) An application for registration as a securitisation repository shall contain the following information about the applicant:
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(a) |
an description of any future plans for the establishment of subsidiaries and the location of those subsidiaries; |
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(b) |
a description of planned business activities, including business activities of any subsidiaries or branches. |
(5) Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ L 243, 11.9.2002, p. 1).
(6) Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, p. 19).
(7) Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC (OJ L 157, 9.6.2006, p. 87).