under article 7 of the EU Securitisation Regulation, originators and sponsors are legally required to make certain specified disclosures relating to a securitisation. These legally required disclosures are known as article 7 disclosures. These obligations fall upon all EU originators and sponsors but also, based on a 2022 interpretation of the regulation by the European Commission, on any originator or sponsor selling a securitisation to an EU investor. Since the Securitisation Regulation is not extra-territorial, in the case of a non-EU originator or sponsor, the obligation to ensure that all article 7 disclosures have been made falls on the EU investor.
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