UCITS (Undertakings for Collective Investments in Transferable Securities) funds may invest in securitisation, subject to a concentration limit of 10%. As part of a consultation on the UCITS Eligible Assets Directive (see TSI kompakt of 15 April 2025), ESMA discussed the pros and cons of adjusting the concentration limit with market participants. Mixed feedback from
STS regulation
Article 44 Consultation – joint opinion with the German Banking Industry Committee
Together with German Banking Industry Committee (GBIC), TSI has submitted a response to the ESAs’ Article 44 consultation (see TSI compact article dated 12 December 2023). The joint drafting of the opinion with TSI’s partners and further cooperation with the German banking industry enabled extensive feedback to be consolidated with broad coverage of the German

