ESMA publishes Final Report on notification requirements for STS synthetic securitisations

ESMA has published its Final Report setting out draft technical standards on the content and format of notifications of simple, transparent and standardised (STS) synthetic securitisation transactions under the EU Securitisation Regulation. The draft technical standards take into account feedback received from the consultation launched by ESMA in May 2021.

The European Commission will now decide whether to endorse the draft technical standards. In the meantime, ESMA will adjust the interim STS synthetic notification templates on its website to reflect the changes set out in the Final Report.