As part of its broader response to facilitate economic recovery from the COVID-19 pandemic, the European Commission, on 24 July 2020 and as part of its Capital Markets Recovery Package, published a legislative proposal (the “Commission Proposal”) to amend Regulation (EU) 2017/2402 (the “Securitisation Regulation”). The European Parliament’s Committee on Economic and Monetary Affairs has since published a draft report, dated 5 October 2020, proposing revisions to the Commission Proposal (the “ECON Amendments” and, together with the Commission Proposal, the “Draft SR Amendments”).
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