In order to deliver on the Commission’s commitment in the capital markets union (CMU) action plan and in order to prepare the report mandated by Article 46 of the Securitisation Regulation, this targeted consultation seeks stakeholders’ feedback on a broad range of issues. It covers the areas mandated by Article 46, namely

• the effects of the regulation (Section 1)
• private securitisations (Section 2)
• the need for an equivalence regime in the area of STS securitisations (Section 5)
• disclosure of information on environmental performance and sustainability (Section 6) and
• the need for establishing a system of limited licensed banks performing the functions of SSPEs – securitisation special purpose entities (Section 7)

In addition, the questionnaire seeks feedback on a number of additional issues that have been identified and raised by stakeholders and by the Joint Committee of the ESAs as having an impact on the functioning of the securitisation framework.