Regulatory Alerts2024-03-05
Added · Updated
Commission Delegated Regulation (EU) 2024/1700 on sustainability disclosures for STS securitisations
The European Commission adopted Delegated Regulation (EU) 2024/1700 to establish regulatory technical standards for sustainability disclosures regarding principal adverse impacts for simple, transparent and standardised (STS) non-ABCP traditional and on-balance-sheet securitisations. Originators are required to publish statements using specified templates that detail climate, environmental, social, and governance indicators, including mandatory historical comparisons for the last four periods. The regulation mandates the use of searchable electronic formats and specific item codes for data reported via securitisation repositories. This binding regulation entered into force on the twentieth day following its publication in the Official Journal of the European Union.