iOn March 26, the Joint Committee of the European Supervisory Authorities (ESAs) published a set of Q&As on the Securitisation Regulation (EU) 2017/2402, covering questions that fall outside the scope of any of the three ESAs.
The Q&As aim to help market participants comply with their obligations, especially in relation to:
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the content and format of the information that should be disclosed by the originator, sponsor and SSPE;
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the transaction documents in a simple, transparent and standardized (STS) securitization that should be made publicly available; and
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the type of STS certification services that can be provided by third-party verifiers to the securitization parties.
The Q&As also aim to promote common supervisory practices in the application of the Securitisation Regulation and encourage cross-sectoral consistency at an EU level.
