On 1 February 2019, the European Securities and Markets Authority (ESMA) published an opinion containing a revised set of draft regulatory and implementing technical standards (disclosure RTS/ITS) under the Securitisation Regulation, which concern the details of a securitisation to be published by the originator, sponsor and securitisation special purpose entity (SSPE), as well as the relevant format and templates.

In addition, ESMA has published Q&As based on stakeholder feedback and questions on the disclosure technical standards received since August 2018. The Q&As cover many technical issues on how to complete template fields and aim at providing guidance to market participants seeking further context that may be helpful for their future expectations of how to comply with the disclosure RTS/ITS. Nevertheless, they are being provided in advance of the possible adoption of the disclosure RTS/ITS being adopted by the European Commission and consequently, are subject to possible changes.