Regulation on simple, transparent and standardised securitisations

Published 02.11.2020

State of play

  • 28 December 2017, the Regulation was published in the Official Journal (L 347/35)
  • 6 April 2021, the Regulation 2021/557 of the European Parliament and of the Council amending Regulation 2017/2402 was published, laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation to help the recovery from the COVID-19 crisis.

Level 1

Commission

  • 30 September 2015, the proposal was published
  • 20 November 2020, the Commission published a delegated regulation on fees charged by ESMA to securitisation repositories.

Level 2

  • 22 August 2018, ESMA published a set of draft RTS and ITS under the Securitisation Regulation.
  • 12 November 2018, ESMA published a final report on its technical advice to the Commission on fees for securitisation repositories under the Securitisation Regulation.
  • 13 November 2018, ESMA published a final report regarding technical standards on securitisation repository application requirements, operational standards, and access conditions under the Securitisation Regulation.
  • 13 November 2018, ESMA published a set of items which provide standards and guidance for securitisation repositories under the Securitisation Regulation.
  • 12 December 2018, the EBA published the final guidelines on the simplicity, transparency and standardisation (STS) criteria applicable to non-asset-backed commercial paper (non-ABCP) securitisation.
  • 12 December 2018, the ESAs published the final draft RTS amending the EMIR clearing obligation under the Securitisation Regulation.
  • 18 December 2018, the ESAs published two joint draft RTS on risk mitigation techniques for OTC derivative contracts not cleared by a CCP and on margin requirements for non-centrally cleared OTC derivatives.
  • 8 January 2019, ESMA published the final RTS regarding cooperation between competent authorities and ESAs.
  • 28 May 2019, the Commission adopted a delegated regulation supplementing the Securitisation Regulation with regard to RTS on the homogeneity of the underlying exposures in securitisation.
  • 25 September 2019, the EBA launched a two-month public consultation on its proposals for a simple, transparent and standardised (STS) framework for synthetic securitisation.
  • 6 May 2020, the EBA published its proposal for developing a simple, transparent and standardised (STS) framework for synthetic securitisation.
  • 23 September 2020, ESMA has opened applications for entities to register as SR.
  • 27 May 2021, the EBA published a consultation on draft regulatory technical standards implementing the amended Securitisation Regulation.
  • 30 June 2021, the EBA has published a Consultation on technical standards on risk retention requirements under the Securitisation Regulation.
  • 12 July 2021, the ESMA launched a public consultation on CCP recovery regime.

Level 3

  • 31 January 2019, ESMA published an opinion and a Q&A on disclosure technical standards under the Securitisation Regulation.
  • 2 September 2019, the EBA added the Securitisation Regulation to its online interactive Single Rulebook and Q&As tool.
  • 23 October 2019, the EBA published an opinion on the regulatory treatment of securitisations of non-performing exposures (NPE) addressed at the Commission.
  • 15 November 2019, ESMA updated the Q&A on the Securitisation Regulation.
  • 22 November 2019, ESMA updated the list of securitisations designated as STS from 01/01/2019.
  • 28 May 2020, ESMA updated its Q&As on the Securitisation Regulation.
  • 23 November 2020, EBA published a call on the European Commission to harmonise the significant risk transfer assessment in securitisation.
  • 26 March 2021, the ESAs have published a Joint Opinion on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the Securitisation Regulation.
  • 26 March 2021, the ESAs have published Questions and Answers on cross-sectoral aspects of the Securitisation Regulation.
  • 17 May 2021, the ESAs published a report on the implementation and the functioning of the EU Securitisation Regulation.
  • 25 May 2021, ESMA approved the registrations of the first two securitisation repositories under the Securitisation Regulation.
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Contact

Association des Banques et Banquiers, Luxembourg

Address

12, Rue Erasme L-1468 Luxembourg

Phone Fax
Opening hours

Monday to Friday from 8:00 to 17:30.