ESMA updated the questions and answers (Q&A) document on Securitization Regulation. The updated Q&A document clarifies different aspects of the templates contained in the draft technical standards on disclosure requirements, including clarifications on how certain fields in the templates should be completed. This version of the Q&A document contains an additional section on the draft technical standards on notifications to ESMA of securitizations that meet the Simple, Transparent, and Standardized (STS) criteria.
The Q&A document is intended to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of Securitization Regulation (Regulation 2017/2402) and to help regulated entities comply with their obligations. ESMA has provided the Q&A in advance of several delegated acts being adopted by EC, with a view to providing guidance to market participants seeking further context that may be helpful for their future expectations of how to comply with these technical standards. Market participants should be aware that the Q&A are subject to change if the delegated acts adopted by EC contain changes relative to the draft technical standards submitted by ESMA to EC.
Keywords: Europe, EU, Securities, Securitization Regulation, Q&A, STS Securitization, Disclosures, ESMA
Previous ArticleESMA Registers Inbonis SA as Credit Rating Agency
Next ArticleIAIS Publishes Newsletter for May 2019
APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
EC adopted a package that includes the digital finance and retail payments strategies and the legislative proposals for regulatory frameworks on crypto-assets and digital operational resilience.
ECB published an opinion (CON/2020/22) on proposals for regulations amending the securitization framework of EU, in response to the COVID-19 pandemic.
FCA is consulting on its approach to the authorization and supervision of international firms operating in UK.
MAS published amendments to Notice 637 on the risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
FCA announced that it will move firms to RegData from Gabriel in the coming months in stages, based on the reporting requirements of firms.
ISDA issued a letter to regulators to flag that it now expects the supplement to the 2006 ISDA Definitions and the Interbank Offered Rate (IBOR) Fallbacks Protocol to be effective around mid- to late-January 2021.
APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.
ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.
BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.