Article 8 Recordkeeping

Securitisation repositories shall record the following:

1. (a)

   verifications pursuant to this Regulation, and any other validation carried out by the securitisation repository;

2. (b)

   the written confirmations received by the securitisation repository referred to in Article 4(3);

3. (c)

   the results provided by the securitisation repository to the reporting entity pursuant to Article 4(6);

4. (d)

   any explanation provided by the reporting entity as to why the submitted information is incomplete or inconsistent, or as to why there is no written confirmation as referred to in Article 4(7);

5. (e)

   in a reporting log, the details of any corrections or cancellations submitted by the reporting entity;

6. (f)

   any other information produced or submitted pursuant to this Regulation.

Each record shall be retained for 10 years following the termination of the securitisation to which that record relates.

The reporting log referred to point (d) of paragraph 1 shall include the unique identifier of the securitisation, the item code, the timestamp of the affected submission, the timestamp of the changes and a clear description of the changes to the submitted information, including the previous and new contents of that information.