The Italian Securities Commission (Consob) has launched a market consultation on amendments to its securitisation provisions aimed at reducing reporting burdens, particularly where firms must report the same securitisation transaction information to both Consob and prudential authorities. The proposals reflect evidence gathered after an initial period of applying the current Consob provisions issued under the Italian Consolidated Law on Finance. Key changes include extending the deadline for notifying securitisation transactions to one month from the issuance date, replacing the current deadlines of five days for simple, transparent and standardised (STS) securitisations and 15 days for non-standardised securitisations. The draft also proposes allowing significant banks to submit attestations of compliance with the Securitisation Regulation signed by persons delegated by the management body, and would incorporate clarifications currently set out in Consob FAQs, including the option to delegate transmission of information to Consob to the transaction servicer. Responses to the consultation are due by 27 April 2026 via the SIPE online portal.

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