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Event

Transition to STS - workshop and webinar with PCS: update on a new standard for simple securitisations

In December 2017, the European Parliament passed the STS Regulation which will apply from 1 January 2019.  During 2018 a number of key delegated legislative texts will be drafted.  The Regulation also contains extensive requirements for the grandfathering of securitisations issued before 1 January 2019.

In line with its mission to strengthen the securitisation market as a sustainable investment and funding tool for both investors and originators, PCS has committed itself to assist all market participants in transitioning to the new regime.

To do so, PCS will, amongst other activities, provide issuers and/or investors, upon request, an STS Report setting out any discrepancies between existing securitisations or securitisations to be issued before the coming into force of the STS regime and the requirements of the law.  In doing so, PCS will draw on its extensive involvement over the years with the design of the STS criteria. 

Prime Collateralised Securities (PCS) is an independent, not-for-profit initiative set up to re-inforce the asset-backed securities market in Europe as a key to generating robust and sustainable economic growth for the region.

A roadshow presentation will be held at Freshfields Vienna office on Thursday, 17 May 2018, and we are delighted to invite you to attend. The purpose of the presentation is to explain:

a. How the new STS regime works with its key aspects;
b. How the new STS regime impacts market participants including issuers, investors and other market participants; and
c. How the PCS STS report works.

In cooperation with PCS.

Date 
Thursday, 17 May 2018 
09.00–11.30 CET

Venue
Freshfields Bruckhaus Deringer LLP
Seilergasse 16
1010 Wien

Agenda 
09.00–09.30  Arrival and coffee
09.30–10.00 Introduction and STS basics: Freshfields Bruckhaus Deringer LLP
10.00–11.00 45 min PCS STS workshop presentation (+ up to 15 min for questions)
11.00–11.30  Refreshments

Speakers
Dr Friedrich Jergitsch,  Mag Eva Schneider (Freshfields Bruckhaus Deringer LLP)
Ian Bell (PCS)

Please find more information about the topic below.

For further information please contact Kristina Russ (Kristina.RUSS@freshfields.com).