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    ESMA Announcement (13.04.2021)
ESMA Announcement (13.04.2021)

REGULATION (EU) 2021/557 of the European Parliament and of the Council of 31 March 2021 amending Regulation (EU) 2017/2402 establishing a general framework for securitization and creating a specific framework for simple, transparent and standardized securitization to facilitate recovery from the crisis caused by COVID-19 was published in the Official Journal of the European Union L 116/1 of 06.04.2021. This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

REGULATION (EU) 2021/558 of the European Parliament and of the Council of 31 March 2021 amending Regulation (EU) No 182/2011 575/2013 on adjustments to the securitization framework to support economic recovery in response to the crisis caused by COVID-19 was published in the Official Journal of the European Union L 116/25 of 06.04.2021. This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union. Article 1 (2) and (4) of the European Regulation shall apply from 10 April 2022.

On 09 April 2021, ESMA published on its website the intermediate templates for the notification of simple, transparent and standardized synthetic safeguards (STS) following the publication in the Official Journal of the European Union of Regulation (EU) 2021/557 (Regulation Amendment of the Securitization Regulation (amended SECR) Intermediate templates allow initiators to notify ESMA of synthetic securitisations that meet the STS criteria The amended SECR was published in the Official Journal of the European Union on 6 April and entered into force on April 9, 2021.

The amended SECR extends the STS framework to synthetic securitisations. As with traditional securitisations, only those synthetic securitisations that meet the predefined STS requirements will be published on the ESMA website.

Until the date of application of the regulatory technical standards (RTS) specifying the content and format of STS notifications for synthetic safeguards, initiators may, in the interim period, provide ESMA with the necessary information in writing. ESMA provides on its website intermediate templates for the notification of synthetic STS securitisations that initiators can use (voluntarily) to ensure the consistency of all STS notifications.


13/04/2021
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