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
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.