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ARTICLE · 18 MARCH 2025

ESMA Propose Reforms: Simplified Disclosure For Private Securitisations

Addleshaw Goddard
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In December 2023, EMSA, launched a consultation to gather insights for the cost and benefits of the various approaches to revising the securitisation disclosure framework.

European UnionFinance and Banking
John Kearns
John Kearns
Charles Meenan
Charles Meenan
Chiedozie Ndubuisi
Chiedozie Ndubuisi

The European Securities and Market Authority (ESMA) recently published a consultation paper on the revision of the disclosure framework for private securitisations under Article 7 of the Securitisation Regulation (the 'consultation paper'). The consultation paper presents a proposal for simplified disclosure template for private securitisations. This aims to enhance proportionality while maintaining transparency under the Securitisation Regulation.

Background

In December 2023, EMSA, launched a consultation to gather insights for the cost and benefits of the various approaches to revising the securitisation disclosure framework. In light of this consultation, ESMA published a Feedback Statement highlighting that stakeholders favoured prioritising proportionality and addressing the reporting costs and limitations associated with private securitisations. This came as no surprise as market participants have sought less arduous disclosure requirements for

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