In July the European Banking Authority published two final draft regulatory technical standards (RTS) under the Securitisation Regulation. The first of these RTS established the conditions for which underlying exposures are to be considered homogeneous, being one of the requirements with respect to simplicity, standardisation and transparency of a securitisation transaction. Our earlier blog is here.
On 6 November 2019, these RTS were published in the Official Journal of the EU (OJ) in the form of a Commission Delegated Regulation. The Delegated Regulation enters into force on the twentieth day following its publication in the OJ and is directly applicable in all Member States.