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ARTICLE · 27 FEBRUARY 2020

Securitisation Regulation Update: Recent Regulatory Technical Standards On STS Notification Requirements

Dillon Eustace
Dillon Eustace
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The Notification RTS were published by the European Commission on 12 November 2019.

European UnionFinance and Banking
Conor Kiernan
Conor Kiernan
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Following on from our previous article on the Regulatory Technical Standards on homogeneity under the Securitisation Regulation, we discuss the finalised Regulatory Technical Standards (Notification RTS) specifying the information to be provided in accordance with the notification requirement under Article 27(1) of theSecuritisation Regulation (Regulation 2017/2402) (the Securitisation Regulation) relating to Simple, Transparent and Standardised securitisations (STS). The Notification RTS were published by the European Commission on 12 November 2019.

The Securitisation Regulation provides that where a securitisation meets the requirements to be designated as STS, a notification must be made to the European Securities and Markets Authority (ESMA) and the relevant national competent authority of STS eligibility (i.e. for an originator or sponsor in Ireland, the Central Bank of Ireland (the CBI)). Following completion of the notification, ESMA is then responsible for

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