Since the objectives of this Regulation, namely laying down a general framework for securitisation and creating a specific framework for STS securitisation, cannot be sufficiently achieved by the Member States given that securitisation markets operate globally and that a level playing field in the internal market for all institutional investors and entities involved in securitisation should be ensured but can rather, by reason of their scale and effects, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
Ba cheart do ÚEUM dul i ndlúthchomhairle leis an dá ÚEM eile. (46) Ós rud é nach féidir leis na Ballstáit cuspóirí an Rialacháin seo a bhaint amach go leordhóthanach, eadhon creat ginearálta maidir le hurrúsú a leagan síos agus creat sonrach maidir le hurrúsú STS a chruthú i bhfianaise an chaoi a oibríonn margaí urrúsúcháin go domhanda agus an chaoi gur cheart cothrom iomaíochta sa mhargadh inmheánach a áirithiú do gach infheisteoir institiúideach agus do gach eintiteas a bhfuil baint aige le hurrúsú, ach gur féidir, de bharr a bhfairsinge agus a n-éifeachtaí, iad a bhaint amach níos fearr ar leibhéal an Aontais, féadfaidh an tAontas bearta a ghlacadh, i gcomhréir le prionsabal na coimhdeachta mar atá leagtha amach in Airteagal 5 den Chonradh ar an Aontas Eorpach.