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ARTICLE · 12 MAY 2022

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ESG And STS Securitisations: ESAs Consult On Optional Originator Disclosures

Arthur Cox
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The Sustainable Finance Disclosures Regulation (SFDR), among other matters, imposes disclosure requirements on financial market participants and...

IrelandFinance and Banking
Arthur Cox
Arthur Cox
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The Sustainable Finance Disclosures Regulation (SFDR), among other matters, imposes disclosure requirements on financial market participants and financial advisors regarding how sustainability risks are integrated into decisions and advice, and how adverse sustainability impacts are considered at entity and product level. However, securitisation is not a 'financial product' for SFDR purposes and, arising from concerns that sustainability-related disclosures were insufficiently developed in the securitisation market, the European Commission successfully proposed sustainability-related changes to the Securitisation Regulation as part of the Capital Markets Recovery Package (CMRP) and in conjunction with other changes relating to non-performing exposures and synthetic securitisations. Those changes came into force in April 2021.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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