Legal & Regulatory News
European Supervisory Authorities launch consultation on sustainability disclosures for simple, transparent and standardised securitisations
02 May 2022On 2 May 2022, the Joint Committee of the European Supervisory Authorities (the ESAs) launched a consultation paper seeking input on draft Regulatory Technical Standards (RTS) in respect of the sustainability indicators for simple, transparent and standardised (STS) securitisations.
The draft RTS focus on the content, methodologies and presentation of information with respect to STS securitisations, and aim to:
- facilitate standardised disclosure by originators of the principal adverse impacts of assets financed by STS securitisations on ESG-related factors;
- supplement the Single Rulebook under the Securitisation Regulation and as amended by the Capital Markets Recovery Package; and
- draw upon the ESAs' work in respect of the Sustainable Finance Disclosure Regulation.
The consultation closes on 2 July 2022, following which the draft RTS will be finalised and submitted to the European Commission.
Click here to access the consultation.