On 4 September 2020, the European Securities and Markets Authority (ESMA) issued a statement confirming that different elements of the new regime under the Securitisation Regulation will come into force on 23 September 2020.
The statement follows the publication of seven technical standards implementing the Securitisation Regulation in the Official Journal of the EU. The publication of the technical standards triggers both the opening of applications for entities to register as a securitisation repository and the entry into force of new disclosure templates. Those entities that wish to be registered as a securitisation repository by ESMA can submit their applications from 23 September 2020. The new disclosure templates will also enter into force on 23 September 2020. As of this date they must be used to make any new information available about a securitisation in accordance with Article 7 of the Securitisation Regulation. ESMA has published guidance on how to fill in the disclosure templates in its Q&A document on securitisation topics. Stakeholders with questions that are not addressed in this document are invited to submit their question(s) to ESMA through its dedicated Q&A tool.