The European Securitisation Regulation: The Countdown Continues

The European Securitisation Regulation: the Countdown Continues…

Draft Regulatory Technical Standards on the Homogeneity of Underlying Exposures in Securitisations

Regulation (EU) 2017/2402, which lays down a general framework for securitisation and creates a specific framework for simple, transparent and standardised securitisation ("Regulation"), came into force on 18 January 2018 and will apply to European credit institutions, insurance companies and pension funds as well as alternative investment fund managers from 1 January 2019 onwards. The Regulation tasks the three European supervisory authorities with developing regulatory technical standards and implementation technical standards for a number of key areas addressed in the Regulation.

This Jones Day White Paper summarizes the draft regulatory technical standards on the homogeneity of the underlying exposures in securitisations under Articles 20(14) and 24(21) of the Regulation as proposed by EBA in its Consultation Paper of 15 December 2017 (EBA/CP/2017/21).