Regulation 2017/2402/EU - Securitisation Regulation

Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Published date: 28 December 2017

Regulation 2017/2402/EU - Securitisation Regulation

	Recitals
	Chapter 1 General provisions (arts. 1-4)
	Article 1 Subject matter and scope
	Article 2 Definitions
	Article 3 Selling of securitisations to retail clients
	Article 4 Requirements for SSPEs
	Chapter 2 Provisions applicable to all securitisations (arts. 5-9)
	Article 5 Due-diligence requirements for institutional investors
	Article 6 Risk retention
	Article 7 Transparency requirements for originators, sponsors and SSPEs
	Article 8 Ban on resecuritisation
	Article 9 Criteria for credit-granting
	Chapter 3 Conditions and procedures for registration of a securitisation repository (arts. 10-17)
	Article 10 Registration of a securitisation repository
	Article 11 Notification and consultation with competent authorities prior to registration or extension of registration
	Article 12 Examination of the application
	Article 13 Notification of ESMA decisions relating to registration or extension of registration
	Article 14 Powers of ESMA
	Article 15 Withdrawal of registration
	Article 16 Supervisory fees
	Article 17 Availability of data held in a securitisation repository
	Chapter 4 Simple, transparent and standardised securitisation (arts. 18-28)
	Article 18 Use of the designation 'simple, transparent and standardised securitisation'
	Section 1 Requirements for simple, transparent and standardised non-ABCP traditional securitisation (arts. 19-22)
	Article 19 Simple, transparent and standardised non-ABCP traditional securitisation
	Article 20 Requirements relating to simplicity
	Article 21 Requirements relating to standardisation
	Article 22 Requirements relating to transparency
	Section 2 Requirements for simple, transparent and standardised ABCP securitisation (arts. 23-26)
	Article 23 Simple, transparent and standardised ABCP securitisation
	Article 24 Transaction-level requirements
	Article 25 Sponsor of an ABCP programme
	Article 26 Programme-level requirements
	Section 2a Requirements for simple, transparent and standardised on-balance-sheet securitisations (arts. 26a-26e)
	Article 26a Simple, transparent and standardised on-balance-sheet securitisations
	Article 26b Requirements relating to simplicity
	Article 26c Requirements relating to standardisation
	Article 26d Requirements relating to transparency
	Article 26e Requirements concerning the credit protection agreement, the third-party verification agent and the synthetic excess spread
	Section 3 STS notification (arts. 27-28)
	Article 27 STS notification requirements
	Article 28 Third party verifying STS compliance
	Chapter 5 Supervision (arts. 29-37)
	Article 29 Designation of competent authorities
	Article 30 Powers of the competent authorities
	Article 31 Macroprudential oversight of the securitisation market
	Article 32 Administrative sanctions and remedial measures
	Article 33 Exercise of the power to impose administrative sanctions and remedial measures
	Article 34 Criminal sanctions
	Article 35 Notification duties
	Article 36 Cooperation between competent authorities and the ESAs
	Article 37 Publication of administrative sanctions
	Chapter 6 Amendments (arts. 38-42)
	Article 38 Amendment to Directive 2009/65/EC
	Article 39 Amendment to Directive 2009/138/EC
	Article 40 Amendment to Regulation (EC) No 1060/2009
	Article 41 Amendment to Directive 2011/61/EU
	Article 42 Amendment to Regulation (EU) No 648/2012
	Article 43 Transitional provisions
	Article 43a Transitional provisions for STS on-balance-sheet securitisations
	Article 44 Reports
	Article 45 Synthetic securitisations
	Article 45a Development of a sustainable securitisation framework
	Article 46 Review
	Article 47 Exercise of the delegation
	Article 48 Entry into force
	Done at