European Union:
The European Securitisation Regulation: The Countdown Continues... Draft Regulatory Technical Standards On Content And Format Of The STS Notification
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Regulation (EU) 2017/2402, which lays down a general framework
for securitisation and creates 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 onwards. 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 content and format of the STS notification under the
Regulation as proposed by ESMA in its Consultation Paper of 19
December 2017 (ESMA33-128-33).
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.
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