On 3 February 2022, ESMA launched its Simple, Transparent and Standardised Register (the "STS Register") which, going forward, shall list all traditional securitisations notified to ESMA by the originators and sponsors as meeting the Simple, Transparent and Standardised (STS) requirements set out in Articles 19 to 26 of Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for STS securitisation (the “Securitisation Regulation”).
All reporting entities must be registered at the new STS Register, and thereafter shall submit their STS notifications through a designated Extranet Register Portal. This replaces the interim solution which has been in place until now whereby all STS notifications were sent to the following address: STSnotifications@esma.europa.eu. Importantly, the STS Register shall list traditional securitisations only and therefore originators and sponsors shall continue to notify their synthetic securitisations eligible for the STS label using the interim STS solution.
For practical guidance on how to register with the new ESMA STS Register and how to make notifications through the Extranet Register Portal, ESMA has
published a short user guide.
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