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European Commission Regulation Technical Standards (RTS) European Union

Goodwin

EU Commission Regulations on Digital Operational Resilience: A Reminder That DORA is Less Than Three Months Away and Will Apply to...

Goodwin on

The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more

Morgan Lewis - Tech & Sourcing

Preparing for DORA: ESAs Publish Incident Reporting Requirements

In our latest blog post on preparing for the EU’s Digital Operational Resilience Act (DORA), entering into force on January 17, 2025, we take a look at second-level requirements under  DORA covering the classification and...more

Goodwin

ELTIF 2.0 RTS: Second Time Lucky and A Positive Step Forward on Liquidity and Redemptions

Goodwin on

In our previous alerts (here and here), we noted critical feedback that the European Commission (Commission) gave to the European Securities and Markets Authority (ESMA) on its December 2023 draft Regulatory Technical...more

Proskauer - Regulatory & Compliance

ELTIF 2.0 – Final RTS Published

Background - On 19 July 2024, the European Commission published final regulatory technical standards (the “RTS”) in respect of Regulation EU/2023/606 relating to the European long-term investment fund (“ELTIF 2.0”). This...more

Goodwin

ELTIF 2.0 RTS: Commission Orders ESMA to Think Again

Goodwin on

In our previous alert, we looked at the draft revised Regulatory Technical Standards (RTS) supplementing the amended ELTIF Regulation (ELTIF 2.0) published by the European Securities and Markets Authority (ESMA) in its...more

Proskauer - Regulatory & Compliance

ELTIF 2.0 – what is the latest on the Draft RTS?

On 19 December 2023, the European Securities and Markets Authority (“ESMA”) published its final report setting out its draft regulatory technical standards (the “Draft RTS”) on Regulation (EU) 2023/606 (the “ELTIF 2...more

A&O Shearman

The wait is over – the final EU recast risk retention rules will enter into force on 7 November 2023

A&O Shearman on

EU Securitisation Regulation – the long-awaited final text of the recast risk retention regulatory technical standards (RTS) has been published in the Official Journal on 18 October 2023 and will enter into force on 7...more

Orrick, Herrington & Sutcliffe LLP

European Commission Revises and Adopts Regulatory Technical Standards on Risk Retention

The European Commission has adopted and published final draft Regulatory Technical Standards (RTS) specifying requirements for originators, sponsors and original lenders in relation to risk retention under the EU...more

Latham & Watkins LLP

European Commission Clarifies Aspects of SFDR With Additional Guidance

Latham & Watkins LLP on

The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. ...more

Morgan Lewis

EBA Consults on Homogeneity Regulatory Technical Standards for STS Securitisations

Morgan Lewis on

The European Banking Authority (the EBA) recently published a consultation paper with proposed amendments to the regulatory technical standards (RTS) on the homogeneity of the underlying exposures in securitisation, following...more

Proskauer Rose LLP

Regulation Round Up - February 2022

Proskauer Rose LLP on

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. 28 February - The Financial Conduct Authority (“FCA”) published Handbook Notice...more

Proskauer Rose LLP

European Commission Confirms Further Delay to the Regulatory Technical Standards Supplementing the SFDR

Proskauer Rose LLP on

The European Commission (the “Commission”) has published a letter dated 25 November 2021 confirming that it is further postponing the application of the regulatory technical standards (“RTS”) supplementing the EU Sustainable...more

A&O Shearman

European Banking Authority Seeks to Address Divergence on Use of Strong Customer Authentication Exemption

A&O Shearman on

The European Banking Authority is consulting on draft Regulatory Technical Standards to amend the existing RTS on strong customer authentication and common and secure open standards of communication under the EU Payment...more

A&O Shearman

Strategy for Financing the Transition to a Sustainable Economy published

A&O Shearman on

The European Commission published its long-awaited Strategy for Financing the Transition to a Sustainable Economy (the Strategy) today. The Strategy was announced as part of the European Green Deal in 2019 (originally...more

A&O Shearman

Revised EU Guidelines on Fraud Reporting Under the Payment Services Directive Published

A&O Shearman on

The European Banking Authority has published amendments to the 2018 Guidelines on fraud reporting under the revised Payment Services Directive (known as PSD2). The Regulatory Technical Standards on "strong customer...more

A&O Shearman

European Banking Authority Publishes Final Technical Standards for the Standardized Approach to Counterparty Credit Risk

A&O Shearman on

The European Banking Authority has published final draft Regulatory Technical Standards governing the standardized approach to counterparty credit risk in derivatives transactions. The final draft SA-CCR RTS will supplement...more

Jones Day

"To Be or Not to Be": Determining When a European Bond is a PRIIP

Jones Day on

On October 24, 2019, the European Supervisory Authorities ("ESAs"), consisting of the European Securities and Markets Authority, the European Banking Authority, and the European Insurance and Occupational Pensions Authority,...more

Latham & Watkins LLP

ESAs Consult on Amendments to the PRIIPs KID

Latham & Watkins LLP on

Consultation Paper looks at ways in which issues with the KID requirements could be improved. Key Points: - The ESAs are seeking to make adjustments to the PRIIPs KID requirements to address ongoing issues relating to...more

A&O Shearman

EU Technical Standards On Homogeneity Conditions For STS Securitizations

A&O Shearman on

Regulatory Technical Standards under the EU Securitization Regulation on the conditions for a securitization to be considered "homogenous" have been published in the Official Journal of the European Union. Homogeneity is one...more

Latham & Watkins LLP

EU Securitisation Reporting Rules Hit the Home Stretch

Latham & Watkins LLP on

Originators, sponsors, and issuers should prepare now for the new securitisation disclosure and reporting rules. Key Points: ..Disclosure and reporting standards under the EU Securitisation Regulation are finalised but...more

A&O Shearman

Final EU Technical Standards on Cooperation Arrangements with Third-Country Regulators on Market Abuse Issues

A&O Shearman on

The European Securities and Markets Authority has published a final report and final draft Regulatory Technical Standards on supervisory cooperation between EU national regulators and third-country national regulators. The...more

A&O Shearman

Final EU Secondary Legislation Under the Prospectus Regulation Published

A&O Shearman on

Two Commission Delegated Regulations supplementing the EU Prospectus Regulation have been published in the Official Journal of the European Union. The first Regulation is on the format, content, scrutiny and approval of the...more

A&O Shearman

European Commission Adopts Technical Standards on Homogeneity Conditions for STS Securitizations

A&O Shearman on

The European Commission has adopted draft Regulatory Technical Standards under the EU Securitization Regulation on the conditions for a securitization to be considered homogenous. Homogeneity is one of the requirements for a...more

A&O Shearman

European Commission Adopts New Technical Standards under the Prospectus Regulation

A&O Shearman on

The European Commission has adopted a draft Delegated Regulation containing Regulatory Technical Standards on requirements for...more

Cadwalader, Wickersham & Taft LLP

Further Delays in the Expected Application Date of the Disclosure Templates for EU Securitisation Reporting

This memorandum provides an update regarding the further delay in the application of the transparency regulatory technical standards (“RTS”) (which include the new reporting templates) under the EU Securitisation Regulation....more

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