A special purpose vehicle (SPV) established by TSI Services GmbH was subjected to an extensive external tax audit in the period from November 2022 to September 2023. The SPV was set up for a securitization transaction of a German originator – consumer loans were securitized as part of the revolving structure. The scope of the
Archives for January 2024
The European Single Access Point is launched
The European Single Access Point (ESAP) is European law since 9 January. This centralised European access portal will gradually make relevant company data, including sustainability information, publicly available at a central data hub for market participants by summer 2027. ESMA will be responsible for managing this free, centralised and digital access to public financial and
ESMA consults on disclosure templates
On 21 December 2023, ESMA published the long-awaited consultation on the disclosure templates. The origin of this consultation lies in the report on the functioning of the Securitisation Regulation from October 2022, in which the EU Commission invited ESMA to revise the disclosure templates (see TSI kompakt of 10 October 2022). Following initial bilateral discussions with