European regulation of structured products and securitisation—one minute guide
European regulation of structured products and securitisation—one minute guide

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • European regulation of structured products and securitisation—one minute guide
  • Structured products involving debt securities
  • Structured products involving derivatives
  • Structured products involving investment funds
  • Structured products involving deposits
  • EU regulations with specific relevance to structured products
  • Product governance
  • Non-complex investment products
  • Structured deposits
  • Pre- and post-trade transparency
  • more

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see Practice Note: Brexit—impact on finance transactions—Brexit planning and impact—financial services, Brexit—impact on finance transactions—Key issues for securitisation transactions and Brexit—impact on finance transactions—Derivatives and debt capital markets transactions—key SIs.

A structured product is a hybrid investment product, which may be more or less complex, containing a combination of two or more disparate elements, for example debt securities, derivatives (swaps, futures and options), investment funds and/or deposits.

For each element of a structured product, consideration should be given to the regulatory requirements which apply generally to stand alone transactions of that type. In addition, there are regulatory requirements which have specific relevance to structured products.

This Practice Note describes the principal EU regulations which:

  1. govern debt securities, derivatives, investment funds and deposits generally

  2. have specific relevance to structured products, and

  3. govern securitisations

Structured products involving debt securities

For all structured products that involve debt securities, see Practice Note: European regulation of the debt capital markets—one minute guide.

This covers:

  1. the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and the Markets in Financial Instruments Regulation (Regulation EU) 600/2014 (MiFIR)

  2. the Prospectus Regulation (EU) 2017/1129

  3. the Market Abuse Regulation (EU) 596/2014 (MAR)

  4. the