Recent developments suggest that deals which priced prior to March 31 will not be subject to the Joint Committee’s interpretation of the sole purpose test.
As detailed in our OnPoint published earlier this week (which...more
On March 31, 2025, a Joint Committee (JC) comprised of the European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority published a report (JC Report) on the...more
The HM Treasury on April 22, 2024, published the draft Securitisation (Amendment) Regulations 2024 (the “Draft SI Amendment”) as part of the continued process of replacing the retained EU Securitisation Regulation (which was...more
On 21 December 2023 the European Securities and Markets Authority (“ESMA”) published a consultation paper on the reform of the templates used for securitisation reporting1. The paper will be of interest to EU investors and...more
After years of waiting and multiple drafts, the final version of the EU Regulatory Technical Standards on risk retention was published in the Official Journal of the European Union on 18 October 2023. In addition, we have...more
11/8/2023
/ AML/CFT ,
Anti-Money Laundering ,
Cayman Islands ,
Due Diligence ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATF ,
Financial Conduct Authority (FCA) ,
Prudential Regulation Authority (PRA) ,
Regulation Technical Standards (RTS) ,
Risk Retention ,
Securitization Market ,
Terrorism Funding ,
UK
MiFID II ESG product governance amendments in force from 22 November 2022 The new product governance amendments will require firms to specifically take into account ESG factors throughout their product governance processes....more
12/13/2022
/ Banks ,
Distributors ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Governance Standards ,
Manufacturers ,
MiFID II ,
New Amendments ,
Sustainability ,
Underwriting
On 10 October 2022, the European Commission (the “Commission”) published a long-awaited report on the Securitisation Regulation (the “Commission Report”). Among other things, the Commission Report responded to a request by...more
10/18/2022
/ AIFM ,
AIFs ,
Due Diligence ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Institutional Investors ,
Investors ,
Lenders ,
Loans ,
Reporting Requirements ,
Securitization Standards