On Friday 26 March 2021 a joint opinion on the jurisdictional scope of the obligations of the EU Securitisation Regulation1 (EUSR) was published (Joint Opinion, linked here) by the Joint Committee of the European Supervisory Authorities (ESAs, ie EBA, ESMA, EIOPA). The Joint Opinion is important because it contains the views of the ESAs on the EUSR’s jurisdictional scope on third country (ie nonEU) transactions and non-EU entities and the interplay between the EUSR and the Alternative Investment Fund Managers Directive (AIFMD) on which fund managers have been seeking clarity since December 2017 when the EUSR was first published.