Securities and Markets

Issue 1170 / 28 July 2022

Overview

  • Securitisation Regulation – Commission Delegated Regulation on STS notification requirements for on-balance-sheet synthetic securitisations published in OJ
  • MiFID II – Two Commission Delegated Regulations and a Commission Implementing Regulation on position limits and controls published in OJ

European Commission

Securitisation Regulation – Commission Delegated Regulation on STS notification requirements for on-balance-sheet synthetic securitisations published in OJ26 July 2022

Commission Delegated Regulation (EU) 2022/1301 amending the regulatory technical standards (RTS) laid down in Delegated Regulation (EU) 2020/1226 has been published in the Official Journal of the European Union. These RTS specify the information that securitisation parties have to provide to the European Securities and Markets Authority (ESMA) in accordance with the simple, transparent and standardised (STS) notification requirements for traditional true sale securities set out under the Securitisation Regulation ((EU) 2017/2402).

The amendments to the RTS specify the information originators must submit to ESMA to comply with the STS notification requirements for on-balance sheet synthetic securitisations, which are now within scope of the STS securitisation framework.  

The delegated regulation will enter into force on 15 August 2022.

Commission Delegated Regulation (EU) 2022/1301

MiFID II – Two Commission Delegated Regulations and a Commission Implementing Regulation on position limits and controls published in OJ 26 July 2022

Two Commission Delegated Regulations and a Commission Implementing Regulation relating to commodity derivatives position limits, position management controls and position reporting under the Markets in Financial Instruments Directive (2014/65/EU) (MIFID II) have been published in the Official Journal of the European Union:

 

  • Commission Delegated Regulation (EU) 2022/1299 supplementing Directive 2014/65/EU of the European Parliament and of the Council regarding regulatory technical standards specifying the content of position management controls by trading venues;

  • Commission Delegated Regulation (EU) 2022/1302 supplementing Directive 2014/65/EU of the European Parliament and of the Council regarding regulatory technical standards for the application of position limits to commodity derivatives and procedures for applying for exemption from position limits; and

  • Commission Implementing Regulation (EU) 2022/1300 amending Implementing Regulation (EU) 2017/1093 laying down implementing technical standards regarding the format of position reports by investment firms and market operators.

These regulations will enter into force on 15 August 2022.

Commission Delegated Regulation (EU) 2022/1299

Commission Delegated Regulation (EU) 2022/1302

Commission Implementing Regulation (EU) 2022/1300​​​​​​​