![Milbank LLP [Alex Martin]](https://www.milbank.com/a/web/xfhJJqxjyz7ErNhgotkNVD/9nchfy/martin-alex-lon-web.jpg "Milbank LLP [Alex Martin]")
![Milbank LLP [Ben Baker]](https://www.milbank.com/a/web/wHWuxZS6GaXga4VAZu8usD/9Qe7uz/baker-ben-lon-web.jpg "Milbank LLP [Ben Baker]")
On 13 February 2025 the European Securities and Markets Authority (“ESMA”) published a consultation paper (the “Consultation Paper”) containing proposals for the revision of the EU securitisation disclosure requirements for certain private securitisations. In this Client Alert, we summarise the Consultation Paper’s proposals, set out initial observations on key issues affecting market participants (including CLO market participants), and summarise the next steps.
February 19, 2025
