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EU securitization rules should be clarified for third-country parties, watchdogs say

( March 26, 2021, 16:32 GMT | Official Statement) -- MLex Summary: The European Commission should issue guidance on its securitization rules, the European Securities Authorities said in a joint opinion today, to clarify the obligations of when third-country entities become party to a securitization transaction. There are four main challenges regarding the jurisdictional scope of the securitization regulation for non-EU parties, which should be addressed, the ESAs said. They also recommended reviewing this part of the framework as part of an upcoming review of the regulation.Statement follows. Joint opinion is attached....

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