Financial Vehicle Corporations

Introduction

Irish-resident securitisation vehicles (FVCs) are obliged to report quarterly data to the Central Bank under Regulation ECB/2013/40 and the Central Bank Acts 1942-2013. Article 1 of the ECB Regulation defines which entities qualify as securitisation vehicles for the purposes of the quarterly reporting requirement. Additional ECB guidance is also available at

https://www.ecb.europa.eu/pub/pdf/other/guidancenotedefinitionsfvcsecuritisation2012en.pdf

Registration

For registering an FVC with the Central Bank please follow the guidance in the document below. You should contact [email protected] with the details in guidance notes to start the registration process.  The notification email should be received by the Central Bank by no later than 5 working days after the vehicle engages in its first financial transactions.

Submission of quarterly balance sheet data

Data must be submitted by all FVCs by no later than 19 working days from the end-quarter reference date. A full list of reporting deadlines is available at this link: Schedule of Dates

FVC data is reported using the FVC2 reporting form. This form, along with detailed guidance notes on how to compile the required information, is available below:

Securitisation Regulation

Regulation (EU) 2017/2402 (“Securitisation Regulation”) applies from 1 January 2019 and lays down a general framework for the regulation of in-scope securitisation activity. Please see Securitisation Regulation webpage for further details.