Under the leadership of AFME and Clifford Chance, several European associations, including TSI, have submitted a request for guidance to the European Commission regarding the interpretation of Article 5(1)(e) of the Securitisation Regulation (SECR). The background to the request is the interpretation of the above-mentioned article expressed in the EU Commission’s report under Article 46
Transparency requirements
ECB Consultation for the Reporting of Securitisation Transactions
In May 2021, the ECB published its decision to also supervise the credit institutions it supervises with regard to the reporting of securitisation transactions. Specifically, the powers relate to compliance with Articles 6 (risk retention), 7 (transparency) and 8 (prohibition of re-securitization) of the European Securitisation Regulation (EU) 2017/2402 and (EU) 2020/1224 (VV) . Now,