The EU Securitization Regulation1 was adopted on December 12, 2017 and has applied since January 1, 2019. For many, the adoption of the Securitization Regulation was heralded as an end to years of regulatory heart and brain ache. It was now surely just a question of completing the level-two legislation requirements and the securitization market would be back in business? Unfortunately this was wishful thinking, particularly in respect of the transparency technical standards required to be produced under Article 7 (Transparency requirements for originators, sponsors and SSPEs) of the Securitization Regulation.