On 27 May 2021, the European Securities and Markets Authority (ESMA) issued a consultation paper setting out draft regulatory technical standards (RTS) and implementing technical standards (ITS) specifying the content and the format of the standardised templates for simple, transparent and standardised (STS) notification of on-balance sheet (synthetic) securitisations. The draft RTS and ITS build on the existing technical standards for STS notification of traditional securitisations while taking into account the specific features of synthetic securitisations. ESMA also makes targeted technical amendments to the STS notification templates for traditional securitisations.

The deadline for comments on the consultation paper is 20 August 2021.

The draft RTS and ITS will be submitted to the European Commission for endorsement by 10 October 2021.

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