The binary millisecond radio pulsar PSR J1023+0038 has been recently the
subject of multiwavelength monitoring campaigns which revealed that an
accretion disc has formed around the neutron star (since 2013 June). We present
here the results of X-ray and UV observations carried out by the Swift
satellite between 2013 October and 2014 May, and of optical and NIR
observations performed with the REM telescope, the Liverpool Telescope, the
2.1-m telescope at the San Pedro M\'artir Observatory and the 1.52-m telescope
at the Loiano observing station. The X-ray spectrum is well described by an
absorbed power law, which is softer than the previous quiescent epoch (up to
2013 June). The strong correlation between the X-ray and the UV emissions
indicates that the same mechanism should be responsible for part of the
emission in these bands. Optical and infrared photometric observations show
that the companion star is strongly irradiated. Double-peaked emission lines in
the optical spectra provide compelling evidence for the presence of an outer
accretion disc too. The spectral energy distribution from IR to X-rays is well
modelled if the contributions from the companion, the disc and the intra-binary
shock emission are all considered. Our extensive data set can be interpreted in
terms of an engulfed radio pulsar: the radio pulsar is still active, but
undetectable in the radio band due to a large amount of ionized material
surrounding the compact object. X-rays and gamma-rays are produced in an
intra-binary shock front between the relativistic pulsar wind and matter from
the companion and an outer accretion disc. The intense spin-down power
irradiates the disc and the companion star, accounting for the UV and optical
emissions.Comment: 11 pages, 8 figures, 5 tables; accepted for publication on MNRA