| The European Supervisory Authorities publish evaluation report on the Securitisation Regulation
March 31, 2025--The Joint Committee (JC) of the European Supervisory Authorities (ESAs) has today published its evaluation report on the functioning of the EU Securitisation Regulation (SECR). The report puts forward recommendations to strengthen the overall effectiveness of Europe's securitisation framework through simplification, while ensuring a high level of protection for investors and safeguarding financial stability. |
| This report identifies areas where the regulatory and supervisory framework can be enhanced, supporting the growth of robust and sound securitisation markets in Europe.
Key recommendations Clarifying the scope of the Securitisation Regulation The ESAs recommend specifying that the application of SECR is triggered where at least one party to the securitisation -whether on the sell-side or buy-side -is established in the European Union. This aims to ensure legal certainty and consistent supervision. Broadening the definition of public securitisation The report proposes reviewing the definition of public securitisation to include transactions where securities are: Issued with a prospectus approved under the EU Prospectus Regulation; or |