On Monday 10 October 2022, the European Commission (the “Commission”) delivered its report (the “Commission Report”) to the European Parliament and the Council on the functioning of the EU Securitisation Regulation. In this Client Alert we examine the Commission Report as it relates to the jurisdictional scope of the EU Securitisation Regulation, and the Commission Report’s ramifications for existing and future securitisations and the near-term growth of the CLO market.
We focus on the scope of the obligation to make specific information (“EU Transparency Reports”) available to institutional investors pursuant to Article 7 of the EU Securitisation Regulation (“Article 7”) as this applies to securitisations where none of the originator, sponsor or SSPE is established in the European Union (“Third Country Securitisations”).
October 24, 2022
