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Finance

Targeted consultation on the functioning of the EU securitisation framework

About this consultation

Consultation period

23 July 2021 - 17 September 2021 (midnight Brussels time)

Topics

Financial services, securitisation, securities

Departments

Target group

In view of the technical nature of the issues, the questionnaire is targeted to market participants, including data repositories and rating agencies, industry associations and supervisors. While some questions are general, others are directed towards particular participants in the securitisation market, i.e. issuers or investors, or towards supervisors. Please note that not all questions are relevant for all stakeholders and that you are not expected to reply to every question.

Objective of the consultation

In order to deliver on the Commission’s commitment in the capital markets union (CMU) action plan and in order to prepare the report mandated by Article 46 of the Securitisation Regulation, this targeted consultation seeks stakeholders’ feedback on a broad range of issues. It covers the areas mandated by Article 46, namely

  • the effects of the regulation (Section 1)
  • private securitisations (Section 2)
  • the need for an equivalence regime in the area of STS securitisations (Section 5)
  • disclosure of information on environmental performance and sustainability (Section 6) and
  • the need for establishing a system of limited licensed banks performing the functions of SSPEs – securitisation special purpose entities (Section 7)

In addition, the questionnaire seeks feedback on a number of additional issues that have been identified and raised by stakeholders and by the Joint Committee of the ESAs as having an impact on the functioning of the securitisation framework.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process responses should be submitted through the online questionnaire.

Consultation outcome

Contributions to the consultation

Received contributions: Functioning of the EU securitisation framework
English
(523.16 KB - ZIP)
Download
Documents annexed to received contributions: Functioning of the EU securitisation framework
English
(8.3 MB - ZIP)
Download

Reference documents

Consultation document: Functioning of the EU securitisation framework
English
(212.55 KB - PDF)
Download
Specific privacy statement: Functioning of the EU securitisation framework
English
(227.48 KB - PDF)
Download

Contact

Contact email address: fisma-securitisation-review@ec.europa.eu