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    ESMA Issues Notification Templates for STS Synthetic Securitizations

    April 09, 2021

    ESMA published the interim simple, transparent, and standardized (STS) notification templates for synthetic securitizations, post the recent amendments to the Securitization Regulation. The interim templates allow originators to notify ESMA about synthetic securitizations that meet the STS criteria. The interim notification templates for STS synthetic securitizations are based on the templates that are already being applied for the traditional STS securitizations.

    The amended securitization regulation, which was published in the Official Journal of the European Union on April 06, 2021, extends the STS framework to synthetic securitizations. As with traditional securitizations, only the synthetic securitizations that meet pre-defined STS requirements will be published by ESMA. Until the date of the application of the regulatory technical standards specifying the content and the format of STS notifications for synthetic securitizations, originators can make the necessary information available to ESMA in writing (during the interim period). ESMA has made available, on its website, the interim STS synthetic notification templates that originators can use to ensure consistency across all STS notifications. The interim STS notification templates may be used by originators on a voluntary basis and they may be subject to possible changes following the entry into force of the regulatory technical standards.

     

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    Keywords: Europe, EU, Banking, Securities, Securitization Regulation, STS Securitization, Synthetic Securitization, Notification Templates, ESMA

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