The Joint Committee of the ESAs has published its report detailing its recommendations with regard to due diligence, supervisory reporting and retention rules in existing EU law on Structured Finance Instruments (SFIs). The Committee states that its recommendations should take into account the already existing requirements for disclosure, due diligence and reporting for comparable instruments. The main recommendations of the Committee are that due diligence obligations be harmonised throughout EU sectorial legislation and should be seen as a dynamic process throughout the life cycle of an investment, that investor reports should be standardised and stored in a centralised public space and that a harmonised due diligence and disclosure framework should be complimented by a comprehensive framework for supervision and enforcement regarding SFIs.