Securitisation Regulation | Elements of New Regime enter into Force

Following the publication in the EU Official Journal of seven technical standards relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, as amended (“the Securitisation Regulation”), the following elements of the new regime entered into force on 23 September 2020:

  • The opening of applications for entities to register as a securitisation repository ("SR"), and
  • The entry into force of new disclosure templates.

Indeed, on 23 September 2020, ESMA already announced that it had received its first application for registration as an SR and will further announce when the first SR is registered. Until that time, the relevant information must be made available via a website that meets specific requirements.

Regarding the disclosure templates, the transitional arrangements allowing reporting in other formats no longer apply. As from 23 September 2020 the disclosure templates annexed to the technical standards must be used. Guidance on how to complete these templates can be found in the Q&A on the Securitisation Regulation, last updated on 5 October 2020.

Zie ook : Bonn Steichen & Partners

[+ http://www.bsp.lu]

Click here to see the ad(s)
Alle artikels Financieel recht

Laatste artikels Financieel recht

FCA communication to Luxembourg-based entities about the UK temporary permissions regime

On 19 November 2020 the Luxembourg supervisory authority for the financial sector, the CSSF, issued press release 20/...

Read more

ESG: Sustainability Related Disclosures Are you ready?

Regulation (EU) 2019/ 2088, on the sustainability–related disclosures in the financial services sector (“SFDR&...

ESG: Sustainability Related Disclosures Are you ready? Read more

EU Crowdfunding Regulation adopted by European Parliament

The European Parliament has adopted the Regulation on European Crowdfunding Service Providers for Business, which shall en...

EU Crowdfunding Regulation adopted by European Parliament Read more

ELTIF Reform European Commission publishes consultation

On 19 October 2020, the European Commission published a public consultation on the review of the European long-term invest...

Read more

LexGO Network