On 4 April 2025, ESMA had already given several companies provisional “green light” status as External Reviewers within the meaning of Articles 69 and 70 of the EuGB Regulation (see TSI kompakt of 4 April 2025). However, at that time the authorisation and registration procedures conducted by ESMA for these reviewers had not yet been
European Green Bond Standard
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19 May 2026
TSI Training | EN
19 May 2026
Green light for European Green Bonds: The first External Reviewers can get started
The European Green Bond Regulation (EuGB) has been in force since 21 December 2024. The standard mandates the review of relevant green bonds – including public ABS – by an independent External Reviewer supervised by ESMA. An External Reviewer conducts a pre- and post-issuance review as well as a review of impact reports.(see also TSI
EuGB Regulation – Consultation on External Reviewers
At the end of March, ESMA launched a first consultation on technical standards for the registration and supervision of independent External Reviewers in the context of the European Green Bond (EuGB) Regulation (see also TSI kompakt of 5 October 2023). The EuGB Regulation will take effect from 21 December 2024, by which time the legal
European Green Bond Standard: Positive Vote of the European Parliament
On 5 October, the European Parliament adopted the “European Green Bond” regulation in first reading. The decision is essentially made against the background of the informal agreement of the EU legislators in the trilogue procedure on the European Green Bond Standard (EuGBS) as a voluntary standard for the issuance of bonds. With regard to the
Preliminary agreement reached on the European Green Bond Standard
If Europe is to become greener with securitisation, then thoroughness is probably more important than speed. In the negotiations on the European Green Bond Standard (EuGBS), it appears that securitisation issues will only be addressed in the further process. In the course of the discussion on specific transparency requirements for securitisations during previous trilogue meetings,