The Malta Financial Services Authority
(“MFSA”) has released two circulars on
Regulation (EU) No. 2017/2402 (the “Securitisation
Regulation”) following the publication by the
European Commission of regulatory technical standards (RTS) in
relation to transparency requirements under the Securitisation
Regulation and the publication by the European Securities and
Markets Authority (ESMA) of an updated set of questions and answers
related to this aspect of the Securitisation Regulation
(“Q&As”).
European Commission publishes final drafts of the RTS
Enhancing transparency on the securitisation market is among the
key objectives of the Securitisation Regulation, crucial to
restoring confidence in securitisation. Article 7 of the
Securitisation Regulation provides that the originator, sponsor and
securitisation special purpose entity (SSPE) (that is, the issuer)
of a securitisation must make certain prescribed information
relating to the securitisation available to