ESMA Q&A
On 27 May 2019, the European Securities and Markets Authority
(ESMA) published an updated version of its question and answer
document (Q&A) on Regulation 2017/2402 (the Securitisation
Regulation). The stated purpose of this Q&A is to
"promote common, uniform and consistent supervisory
approaches and practices in the day-to-day application of the
Securitisation Regulation."
The updated Q&A can be accessed here.
RTS on the homogeneity of the underlying exposures in
securitisation
On 28 May 2019, the European Commission published a Commission
delegated regulation supplementing the Securitisation Regulation
with regards to Regulatory Technical Standards (RTS) on the
homogeneity of the underlying exposures in securitisation.
Homogeneity is one of the fundamental simplicity criteria for
Simple, Transparent and Standardised (STS) securitisation
transactions, with the aim of facilitating the assessment of
underlying risks for investors. Given the ambiguity
