News & Analysis as of

Special Purpose Entities European Union

Latham & Watkins LLP

Putting It All Together: A Brief Guide to the UK’s New Securitisation Framework

Latham & Watkins LLP on

The new securitisation framework will combine three sets of overlapping rules, in an effort to repeal and replace retained EU law in the UK. The missing piece of the puzzle to the UK’s new securitisation framework became...more

Morgan Lewis

Securitisation Alert: UK Reporting Templates Now Mandatory Under the UK Securitisation Regulation Regime

Morgan Lewis on

From 1 April 2022, UK originators, sponsors and securitisation special purpose entities (SSPEs) may no longer use the EU reporting templates instead of the UK reporting templates for securitisations, and UK investors in...more

Mayer Brown

ESAs’ Opinion to the European Commission on the Jurisdictional Scope of Application of the EU Securitisation Regulation

Mayer Brown on

The European Supervisory Authorities (the "ESAs") have published an opinion on 25 March 2021 entitled "ESAs’ Opinion to the European Commission on the Jurisdictional Scope of Application of the Securitisation Regulation" (the...more

Mayer Brown

Amendments to the EU Securitisation Regulation – the new synthetic STS framework and adjustments in relation to non-performing...

Mayer Brown on

Overview - Two regulations amending the EU Securitisation Regulation1 and the Capital Requirements Regulation2 (the “CRR”) respectively have now come into force. Regulation (EU) 2021/557 of the European Parliament and...more

Cadwalader, Wickersham & Taft LLP

European Regulators Publish Joint Opinion on the Jurisdictional Scope of the EU Securitisation Regulation

Background - On 26 March 2021, the European Supervisory Authorities (the “ESAs”) published a Joint Opinion (the “Opinion”) on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the...more

Morrison & Foerster LLP

A Good Day For A Good Cause - The Charitable Law Has Finally Been Reformed!

Morrison & Foerster LLP on

With the Annual Tax Act 2020 passed by the Bundestag yesterday, the legislature took a big step towards non-profit organizations (hereinafter referred to as "NPOs"). Finally, new regulations have been created in non-profit...more

Cadwalader, Wickersham & Taft LLP

EU Securitisation Regulation Disclosure Templates Published in the EU Official Journal

I.      Introduction - The Securitisation Regulation applies to securitisations, the securities of which are issued (or where no securities are issued, the securitisation positions of which are created) on or after 1...more

Cadwalader, Wickersham & Taft LLP

The European Banking Authority has Published its Final Guidelines on WAM

On 4 May 2020, the European Banking Authority (“EBA”) published a final report containing guidelines (EBA/GL/2020/04) (the “Guidelines”) on the use of the weighted average maturity approach (“WAM”) instead of the final legal...more

Mayer Brown

The EU Securitisation Regulation – Where are we now?

Mayer Brown on

The EU Securitisation Regulation (the “Securitisation Regulation”) has been applicable since 1 January 2019. The purpose of this Legal Update is to summarise the key aspects of the Securitisation Regulation and related...more

Mayer Brown

Securitisation after Brexit - Considerations for securitisations involving UK entities

Mayer Brown on

The UK left the EU on 31 January 2020 at 11:00 p.m. UK time. This legal update summarises the application of EU law in the UK after Brexit, with particular reference to the Securitisation Regulation....more

Mayer Brown

Legal Update: regulatory technical standards on homogeneity for STS transactions published in official journal

Mayer Brown on

The EU has, on 6 November 2019, published in the Official Journal a delegated regulation (the “Delegated Regulation”) supplementing the EU Securitisation Regulation (the “Securitisation Regulation”) with regard to regulatory...more

Dechert LLP

EU Securitisation Regulation - European Commission Publishes Final Disclosure Templates Expected to Apply from February 2020

Dechert LLP on

No Good News, but No Bad News Either - On 16 October 2019 the European Commission (EC) adopted a delegated regulation supplementing Regulation (EU) 2017/2402 (the Securitisation Regulation) and setting out the final...more

Cadwalader, Wickersham & Taft LLP

European Commission Adopts Disclosure Templates for EU Securitisation Reporting

The Securitisation Regulation applies to securitisations, the securities of which are issued (or where no securities are issued, the securitisation positions of which are created) on or after 1 January 2019....more

Latham & Watkins LLP

EMIR REFIT: Bringing the EU and the US Closer Together?

Latham & Watkins LLP on

EMIR REFIT came into force on 17 June 2019, helping to level the playing field between the EU and the US. Key Points: ..Alternative investment funds will bear the brunt of the changes as EMIR REFIT closes an exemption...more

Dechert LLP

New Hong Kong Profits Tax Exemption Regime Currently Effective

Dechert LLP on

A new profits tax exemption ordinance (Bill)1 became effective on 1 April 2019. The Bill introduces a Private Funds Exemption, which has significant implications for the private funds industry. Benefits include: fund managers...more

Jones Day

ESMA Opinion Details Technical Standards for Securitisation Disclosures

Jones Day on

With the aim of contributing to delivering a regulatory rulebook for European securitisation markets, the European Securities and Markets Authority ("ESMA") has published an Opinion (ESMA33-128-600) containing a revised set...more

Cadwalader, Wickersham & Taft LLP

ESMA Publishes Q&As and Revised Disclosure Templates for Securitisation Reporting

On 31 January 2019, the European Securities and Markets Authority (“ESMA”) published an Opinion (the “Opinion”) containing a revised set of draft disclosure technical standards (the “Disclosure Technical Standards”) and a...more

Cadwalader, Wickersham & Taft LLP

Securitisation Regulation - Transparency and Article 14 CRR Issues: Where Do We Go From Here?

On 30 November 2018, the European Banking Authority, the European Securities and Markets Authority (“ESMA”) and the European Insurance and Occupational Pensions Authority (the “European Supervisory Authorities” or “ESAs”)...more

Vedder Price

Global Transportation Finance Newsletter - August 2018

Vedder Price on

In This Issue: - EU Risk Retention Undertakings in U.S. General Equipment ABS: Evolving Market Practice - PDP Financing: An Overview - Tax Reform’s Impact on Transportation Finance Transactions EU Risk Retention...more

Proskauer Rose LLP

EU PRIIPs Regulation – Relevance to Fund Managers Explained

Proskauer Rose LLP on

Background - On 1 January 2018, European Union (EU) Regulation (No 1286/2014)[1] on key information documents for packaged retail and insurance-based investment products (PRIIPs) comes into force. It will require that a...more

Cadwalader, Wickersham & Taft LLP

European Parliament Votes to Adopt the Securitisation and CRR Amendment Regulations

On 26 October 2017, the European Parliament voted in plenary session to adopt the EU regulation intended to lay down common rules on securitisation and to create a European framework for “simple, transparent and standardised”...more

Hogan Lovells

A New Era: The New European Framework for Securitisations

Hogan Lovells on

Following a prolonged period of political scrutiny and negotiation, the texts of two regulations implementing significant changes to the regulation and capital treatment of securitisations were broadly agreed by the three EU...more

Cadwalader, Wickersham & Taft LLP

European Commission Adopts Proposal to Amend EMIR

On 4 May 2017, the European Commission (the “Commission”) adopted a proposal for a Regulation amending Regulation (EU) No 648/2012 (“EMIR”) as regards the clearing obligation, the suspension of the clearing obligation, the...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - Special Purpose National Bank Charters for FinTech Companies - On December 2, 2016, Comptroller of the Currency, Thomas J. Curry, announced that the Office of the Comptroller of the...more

Cadwalader, Wickersham & Taft LLP

ECON Agrees Compromise Amendments to STS/Risk Retention

The European Parliament’s Committee on Economic and Monetary Affairs (“ECON”) has today agreed compromise amendments (the “Compromise Amendments”) to the proposed EU regulation intended to lay down common rules on...more

27 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide