The European Commission published a draft regulation on a European framework for simple, transparent and standardised securitisation on 30 September 2015 (the “Draft Regulation”). The Draft Regulation aims to achieve a better regulated, more transparent securitisation market with the aim of revitalising the European securitisation market, which has not recovered following the global financial crisis in the way that the market has recovered in the U.S. This OnPoint summarises the key provisions of the Draft Regulation and its impact on CLOs.
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