On 17 July 2025, ESMA published the results of its consultation on private securitisations (see TSI kompakt of 31 March). The aim was to introduce a simplified disclosure template for private transactions, better tailored to supervisory needs and eliminating unnecessary reporting fields. Market participants generally welcomed the initiative but criticised the proposal’s complexity, its limited
ESMA consultation
Private Disclosure Templates – TSI responds to ESMA consultation together with GBIC, Leaseurope and Eurofinas
The TSI has responded to the ESMA consultation on a simplified private disclosure template in cooperation with its partners and stakeholders as well as with the German Banking Industry Committee (GBIC). We are very pleased that Leaseurope and Eurofinas have also joined our response, giving it even broader and Europe-wide support. Good approach – shortcomings
Bureaucracy reduction in sight? ESMA publishes consultation on uniform disclosure template for private securitisations
On 13 February, ESMA published a consultation on the disclosure templates in which it proposes a uniform template for private transactions with data at transaction level. This follows a field-by-field review in 2023 and a consultation on the general further approach at the beginning of last year (see TSI kompakt of 22 March 2024). The
ESMA publishes results of Disclosure Templates consultation
The ESMA has published the results of its consultation on the disclosure templates from the beginning of this year (see TSI kompakt from 22 March 2024). In particular, it evaluates the feedback received from the market with regard to the four proposed options for the way forward. Unsurprisingly, ESMA concludes that it will wait until