European Union:
The European Securitisation Regulation: The Countdown Continues ESMA Consultation Paper—Draft Technical Standards On Securitisation Repositories
To print this article, all you need is to be registered or login on Mondaq.com.
Regulation (EU) 2017/2402 laying down a general framework for
securitisation and creating a specific framework for simple,
transparent and standardised securitisation
("Regulation") came into force on 18 January 2018 and
will apply to European credit institutions, insurance companies and
pension funds as well as alternative investment fund managers from
1 January 2019 onward. The Regulation tasks the three European
supervisory authorities with developing regulatory technical
standards and implementation technical standards for a number of
key areas addressed in the Regulation.
This Jones Day White Paper summarizes the
draft technical standards on operational standards for
securitisation repositories data collection, data aggregation and
comparison, data access, and procedures to verify completeness and
consistency of information as proposed by ESMA in its Consultation
Paper of 19 December 2017.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from European Union
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.