Ireland recently published the European Union (General Framework for Securitisation and Specific Framework for Simple, Transparent and Standardised Securitisation) Regulations 2018 ("Irish Regulations") to give further effect to Regulation (EU) 2017/2042 ("Securitisation Regulation"). The Irish Regulations came into force on 1 January 2019 and apply to all in scope securitisation transactions.
Who is your Competent Authority?
The Central Bank of Ireland (the "CBI") has been appointed as the competent authority for securitisations for Irish institutional investors , originators, sponsors, original lenders and securitisation special purpose entities ("SSPEs").
Notice of Securitisation
An Irish originator, sponsor and SSPE (where applicable) each must notify the CBI of a securitisation not later than 15 business days after the first issue of securities of that securitisation ("CBI Notice"). The CBI Notice shall specify the Securitisation Regulation classification of the person making
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