CAPITAL MARKETS – Adoption of CONSOB provisions on securitisations

Newsletter n. 90 – November 2023

CAPITAL MARKETS 

Adoption of CONSOB provisions on securitisations

With Resolution No. 22833 dated 9 October 2023, CONSOB, the Italian Securities and Exchange Commission,  adopted the provisions implementing Article No. 4-septies.2 of the Consolidated Law on Finance (TUF), in order (a) to regulate the notification of securitisation transactions to CONSOB and the organisational requirements applicable to the entities involved in the securitisation transaction and (b) to specify the procedures for the transmission of the request for authorisation of the third parties called to assess the compliance of securitisations with “STS criteria” in accordance with Article No. 28 of the Securitisation Regulation.