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December 30, 2018

EC highlights that the Securitization Regulation, which comes into effect on January 01, 2019, creates common rules and sets the criteria for simple, transparent and standardized (STS) securitization in the EU. These are a new class of high-quality securitization. This EU-wide initiative on "high-quality" securitization will ensure high standards of process, legal certainty, and comparability across securitization instruments through a higher degree of standardization of products. This will notably increase the transparency, consistency, and availability of key information for investors, including in the area of small and medium enterprise loans, and increase liquidity.This should facilitate the issuance of securitized products and allow institutional investors to perform a thorough due diligence, which helps to identify those products that match their asset diversification, return, and duration needs.

The following are the other financial rules that will come into effect in 2019:

  • On January 13, 2019, a revised Directive on occupational pension funds, known as IORP2 will come into effect.
  • The revision of the Shareholders' Rights Directive takes effect on June 10, 2019.
  • The new Prospectus Regulation, launched as part of the Capital Markets Union Action Plan to improve access to finance for companies and simplify information for investor, takes effect as of July 21, 2019.
  • Rules on strong customer authentication that will make electronic payments in shops and online safer, come into effect on September 14, 2019.

 

Related Link: Press Release

Keywords: Europe, EU, Banking, Insurance, Capital Markets Union, Securitization Regulation, IORP2, IORP II Directive, EC

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