Produced by Clifford Chance on February 11, 2019.

On January 1, 2019, the European Union Securitization Regulation replaced the sectoral securitization rules, instituting a unified, harmonized regulatory regime over European securitization. Unlike United States securitization regulations, the EU law imposes significant compliance and disclosure obligations on EU institutional investors. Consequently, US issuers offering asset-backed securities (ABS) to EU regulated entities may be indirectly impacted by the Securitization Regulation’s revised mandates.

Clifford Chance offers a detailed overview of the EU’s new regulatory regime, discussing the specific impact of the regulation’s requirements on United States financial entities. Their briefing considers all elements of the Securitization Regulation relevant to US issuers, originators, and sponsors, and what compliance could look like in transactions with EU institutional investors.

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