On 5 March 2024, the European Commission (Commission) published a Commission Delegation Regulation, supplementing the Securitisation Regulation with regard to regulatory technical standards specifying for simple, transparent and standardised (STS) non-asset backed commercial paper (non-ABCP) traditional securitisation, and for STS on-balance-sheet securitisation, the content, methodologies and presentation of information related to the principal adverse impacts of the assets financed by the underlying exposures on sustainability factors.

Articles 22(4) and 26d(4) of the Securitisation Regulation provide originators of STS securitisations with the option to voluntarily disclose available information related to the principal adverse impacts on sustainability factors of the assets financed by residential loans, auto loans or leases. Should originators choose to disclose, it derogates them from the requirement to disclose the available information related to the environmental performance of the assets financed by residential loans, auto loans or leases. Articles 22(6) and 26d(6) of the Securitisation Regulation empower the Commission to adopt a delegated act specifying the content, methodologies and presentation of this voluntary disclosure. Where relevant, the delegated act is to mirror or draw upon Commission Delegated Regulation (EU) 2022/1288, developed in compliance with the mandate given to the European Supervisory Authorities in the Sustainable Finance Disclosure Regulation.

The Commission Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU.