List of Financial Vehicle Corporations (FVCs) engaged in securitization transactions

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The Bank of Italy’s administrative measure of 30 September 2014 contains the disclosure requirements and statistical reporting obligations of Italian securitization vehicles pursuant to Regulation (EU) No 1075/2013 of the European Central Bank.

It provides for the establishment of a list of these special purpose vehicles and lays down the rules for their registration and cancellation therefrom. 

Notice of commencement of securitization activity

Immediately on purchasing a portfolio of receivables from the assignor, newly-established financial vehicle corporations must register for inclusion in the list by sending a certified email to res@pec.bancaditalia.it with ‘Notice of commencement of securitization activity’ in the subject line.

The following forms must be attached to the email:

  1. "Notice of commencement of securitization activity" providing the information for inclusion in the list and for access to the FEAT application, through which both securitization transaction code and the relative ISIN codes may be requested.
  2. "Application for access to the INFOSTAT web service for statistical reporting" providing the information necessary for accessing the INFOSTAT platform and for submitting periodical reports.

Given that the ‘Notice of commencement of securitization activity’ must contain the INFOSTAT registration code of the contact person for all communications to the company, users must first register on the Bank of Italy’s website. Once they have obtained the credentials for accessing the FEAT procedure, they can send the ‘Request for a securitization transaction code’.

Notice of termination of securitization activity

If the securitization activity ceases following certain events (a change of corporate purpose, merger, cancellation from the Company Register, etc.) companies must request they be taken off the list by sending a certified email to res@pec.bancaditalia.it with ‘Notice of termination of securitization activity’ in the subject line.

The following form must be attached to the email:

  • ‘Notice of termination of securitization activity’ with the vehicle company details and termination information.

FVC list - Access

FVC list - Forms to notify the commencement/termination of securitization activity

FVC LIST - LEGAL FRAMEWORK

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Credito alla clientela Central Credit Register

The Central Credit Register is an information system on the debt of the customers of the banks and financial companies supervised by the Bank of Italy.

Registers and lists

By publishing the “Supervisory registers and lists” the Bank of Italy meets its public disclosure obligations under the Consolidated Laws on banking and finance. These statutory obligations are linked to the Bank of Italy’s role as supervisor of banks and financial intermediaries.