ARCHIVED: This document is archived and no longer maintained. See Checklists: UK securitisation regime—timeline and EU Securitisation Regulation—timeline for more recent updates. In September 2015, the European Commission published the Action Plan for Capital Markets Union (the Plan). The Plan is intended to unify the capital markets across Europe’s Member States, promote investment and boost growth in the EU. The Plan identified five main steps that need to be followed in order to achieve a Capital Markets Union, one of which is to enhance banks’ capabilities to lend, which includes a focus on revitalising simple, transparent and standardised (STS) European securitisation. On 28 December 2017, Regulation (EU) 2017/2402 (the EU Securitisation Regulation) and the related Securitisation Prudential Regulation (EU) 2017/2401 (which amends the Capital Requirements Regulation (EU) 575/2013) were published in the Official Journal of the EU (OJ). The regulations entered into force on 17 January 2018 and became directly applicable across the EU from 1 January 2019, applying to securitisation transactions where the securities are entered into on or after that date, as well as any securitisation