Events listed in Securitisation Regulation (SECR)
DECRETO LEGISLATIVO 6 dicembre 2023, n. 204 che stabilisce un quadro generale per ...
ID 26557
The Official Gazette published Legislative decree of 6 December 2023, n. 204 adapting the provisions of Regulation (EU) 2021/557, which establishes a general framework for securitization and a specific one for simple, transparent and standardized securitizations to support the recovery from the covid-19 crisis. Formal amendments have been made to article 4-septies.2 of the TUF, addressing the competent national authorities and their duties. The ...
Delegierte Verordnung (EU) 2023/2175 zur näheren Präzisierung der Anforderungen an ...
ID 26499
A new German consolidated version of Commission Delegated Regulation (EU) 2023/2175 as regards European standards for the risk retention requirement for securitizations was published in the Official Journal (OJ) of the EU. The new consolidated version includes the modifications of a prior corrigendum which made numerous corrections to the original German version of the Delegated Regulation relating to nearly all provisions outlined in the ...
ESMA consults on possible changes to the securitisation disclosure templates
ID 26449
ESMA has initiated a consultation on potential changes to the securitisation disclosure templates. The revision involves the Disclosure RTS and ITS related to specific information and details of securitisation transactions. ESMA is seeking stakeholders‘ views on four proposed options for the securitisation disclosure framework: Option A: Putting the template review on hold until the revision of the Level 1 text. Option B: Expanding the ...
PROVVEDIMENTO 12 dicembre 2023 : Disposizioni in materia di obblighi informativi e ...
ID 26424
The Bank of Italy issued Provision of 12 December 2023, published in the Official Gazette on 20 December 2023. It regulates informational and statistical obligations of special purpose vehicles (SPVs) involved in securitisation transactions, in accordance with ECB Regulation (EU) 1075/2013 and replaces the previous Provision of the Bank of Italy of 7 June 2017. The provision establishes a list of securitisation special purpose ...
Berichtigung der Delegierten Verordnung (EU) 2023/2175 zur näheren Präzisierung der ...
ID 25816
A corrigendum to the German version of Commission Delegated Regulation (EU) 2023/2175 as regards European standards for the risk retention requirement for securitizations was published in the Official Journal (OJ) of the EU (please see EventID 23363 in this context for more information on the delegated regulation). The corrigendum makes numerous corrections to the original delegated regulation, including the following – as quoted (please ...
Delibera n. 22833, adozione delle Disposizioni di attuazione dell’articolo ...
ID 25390
With Resolution No. 22833 dated 9 October 2023 and published on 18 October 2023 in the Italian Official Gazette, Consob has enacted implementation provisions for Article 4-septies.2 of the Consolidated Finance Act (TUF) regarding securitizations. The resolution aims to ensure compliance with European regulations and enhance transparency and standardization in securitization operations. These provisions apply to securitization operations falling within the scope of Regulation ...
Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 on supplementing ...
ID 25378
New Commission Delegated Regulation (EU) 2023/2175 specifying the risk retention requirements under the Securitization Regulation (SECR) was published in the Official Journal (OJ) of the EU. The delegated regulation aims to harmonize risk retention practices of originators, sponsors, and servicers and specify various ways to fulfill the risk retention requirement, including the use of synthetic or contingent retention. Among others, the new delegated regulation ...
Disposizioni della Banca d’Italia relative a banche, intermediari finanziari, ...
ID 24422
The Bank of Italy is proposing changes to its regulations concerning securitization operations for banks, financial intermediaries, investment firms, asset management companies, investment funds, and real estate investment funds. These changes aim to align with the requirements of the EU Regulation (EU) 2017/2402 on securitization and specific rules for simple, transparent, and standardized (STS) transactions. The proposed modifications extend the prudential regulations for s ...
[ESMA33-128-563] Questions and answers on the Securitisation Regulation
ID 24209
ESMA has updated its Q&As on the Securitisation Regulation. The document contains numerous new and modified Q&As as described below: ##### a) Q&As on Disclosure Requirements and Templates – General Questions: 1. Modified Question 5.1.7 (p. 31 ) To clarify, regarding the acceptance of non-XML data by a securitisation repository registered with ESMA, it is important to note that the repository has the authority ...
Article 5 Issues Report: Due-diligence requirements for institutional investors ...
ID 23712
AFME published a report highlighting the challenges faced by investors in complying with the due-diligence requirements under Article 5 of the SECR in the EU and UK. The report emphasizes that these requirements are limiting the growth of the ABS investor base. According to the report, investors tend to interpret the ambiguous provisions of Article 5 conservatively, resulting in disproportionately high costs for businesses. ...