Changes between two versions
What changed between the draft committee report and the plenary report
From · draft committee report· 11 Dec 2025
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation
To · plenary report· 8 May 2026
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation
These two texts have too little in common to compare paragraph by paragraph: they are different documents rather than versions of one (for example one group’s motion and the joint text that was adopted).
+386 added · −142 removed · 2 changed paragraphs, packaging included.
Part 10 of 10: Paragraphs 521–544
Added:(e) paragraph 7 is replaced by the following
Added:‘7. Three years from the date of application of this Regulation, and every three years thereafter, the EBA, in cooperation with ESMA and EIOPA, shall conduct a peer review in accordance with Article 30 of Regulation (EU) No 1093/2010 on the implementation of the supervisory powers provided for in Article 30 of this Regulation.’;
Added:(f) paragraph 8 is deleted;
Added:(19) Article 44 is amended as follows:
Added:(a) in the first subparagraph, point (e) is replaced by the following:
Added:‘(e) the contribution of securitisation to funding Union companies, in particular SMEs, and households and to the economy and financial stability of the Union.’;
Added:(b) the second subparagraph is deleted;
Added:(20) Article 46 is replaced by the following:
Added:’Article 46
Added:Review
Added:By …[PO please insert the date: 5 years after date of entry into force], the Commission shall present a report to the European Parliament and the Council on the functioning of this Regulation, accompanied, where appropriate, by a legislative proposal.
Added:That report shall consider in particular the findings of the reports referred to in Articles 31 and 44, and shall assess:
Added:(a) the effects of this Regulation on the functioning and the development of the market for securitisations in the Union;
Added:(b) the contribution of securitisation to:
Added:(i) to funding EU companies and economy, in particular on access to credit for SMEs and investments;
Added:(ii) the build up of risks to the financial stability of the banking sector and the financial sector as a whole which could arise from the growth of issuances of synthetic securitisations, taking into account interconnectedness between financial institutions
Added:(iia) housing affordability and access to housing;
Added:(c) whether in the area of STS securitisations, an equivalence regime could be introduced for third country originators, sponsors and SSPEs, including in relation to due-diligence requirements, taking into consideration international developments in the area of securitisation, in particular initiatives on simple, transparent and comparable securitisations;
Added:(d) the implementation of the requirements set out in Article 22(4) and Article 26d(4) and whether those requirements may be extended to securitisation where the underlying exposures are not residential loans or auto loans or leases, with a view to mainstreaming environmental, social and governance disclosures.
Added:This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Added:This Regulation shall be binding in its entirety and directly applicable in all Member States.
Added:Done at Strasbourg,
Added:For the European Parliament For the Council
Added:The President The President