EU Technical Standards Supplementing the Securitization Regulation

Shearman & Sterling LLP

Shearman & Sterling LLPSeveral EU Technical Standards supplementing the EU Securitization Regulation have been published in the Official Journal of the European Union. The Securitization Regulation has applied directly across the EU since January 1, 2019. It provides the criteria for identifying which securitizations will be designated as "simple, transparent and standardized" (STS) securitizations, a system to monitor the application of those criteria as well as common requirements on risk retention, due diligence and disclosure. Related amendments to the EU Capital Requirements Regulation set out the regulatory treatment of exposures to securitizations that are deemed to be STS securitizations.

The following Technical Standards have been published:

  • Implementing Technical Standards providing templates for the provision of information in accordance with the STS notification requirements (Commission Implementing Regulation (EU) 2020/1227);
  • Regulatory Technical Standards specifying the information to be provided in accordance with the STS notification requirements (Commission Delegated Regulation (EU) 2020/1226);
  • ITS setting out the format and standardized templates for making available the information and details of a securitization by the originator, sponsor and securitization special purpose entity (Commission Implementing Regulation (EU) 2020/1225);
  • ITS laying down the format of applications for registration as a securitization repository or for extension of a registration of a trade repository (Commission Implementing Regulation (EU) 2020/1228);
  • RTS on securitization repository operational standards for data collection, aggregation, comparison, access and verification of completeness and consistency (Commission Delegated Regulation (EU) 2020/1229);
  • RTS on the details of the application for registration of a securitization repository and the details of the simplified application for an extension of registration of a trade repository (Commission Delegated Regulation (EU) 2020/1230); and
  • RTS on the information and the details of a securitization to be made available by the originator, sponsor and SSPE (Commission Delegated Regulation (EU) 2020/1224).

Each of the TS will enter into force on September 23, 2020.

View Commission Implementing Regulation (EU) 2020/1227.

View Commission Delegated Regulation (EU) 2020/1226.

View Commission Implementing Regulation (EU) 2020/1225.

View Commission Implementing Regulation (EU) 2020/1228.

View Commission Delegated Regulation (EU) 2020/1229.

View Commission Delegated Regulation (EU) 2020/1230.

View Commission Delegated Regulation (EU) 2020/1224.

[View source.]

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