On 16 March 2018, ALFI responded to the ESMA consultation on their draft RTS on “Disclosure and operational standards”. The Securitisation Regulation has been published in the Official Journal of the European Union and will enter into force 20 days after its publication.
The Regulation requires the European Commission to adopt delegated acts in a number of areas.
ESMA was mandated to draft Regulatory Technical Standards covering securitisation disclosure requirements, operational standards for handling disclosures, and the terms and conditions of access for users of securitisation disclosures. Please find ALFI’s comments on the ESMA draft RTS on “Disclosure and operational standards” here.