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Regulation 2017/2402/EU - Securitisation RegulationRecitalsChapter 1 General provisions (arts. 1-4)Article 1 Subject matter and scopeArticle 2 DefinitionsArticle 3 Selling of securitisations to retail clientsArticle 4 Requirements for SSPEsChapter 2 Provisions applicable to all securitisations (arts. 5-9)Article 5 Due-diligence requirements for institutional investorsArticle 6 Risk retentionArticle 7 Transparency requirements for originators, sponsors and SSPEsArticle 8 Ban on resecuritisationArticle 9 Criteria for credit-grantingChapter 3 Conditions and procedures for registration of a securitisation repository (arts. 10-17)Article 10 Registration of a securitisation repositoryArticle 11 Notification and consultation with competent authorities prior to registration or extension of registrationArticle 12 Examination of the applicationArticle 13 Notification of ESMA decisions relating to registration or extension of registrationArticle 14 Powers of ESMAArticle 15 Withdrawal of registrationArticle 16 Supervisory feesArticle 17 Availability of data held in a securitisation repositoryChapter 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 securitisationArticle 20 Requirements relating to simplicityArticle 21 Requirements relating to standardisationArticle 22 Requirements relating to transparencySection 2 Requirements for simple, transparent and standardised ABCP securitisation (arts. 23-26)Article 23 Simple, transparent and standardised ABCP securitisationArticle 24 Transaction-level requirementsArticle 25 Sponsor of an ABCP programmeArticle 26 Programme-level requirementsSection 2a Requirements for simple, transparent and standardised on-balance-sheet securitisations (arts. 26a-26e)Article 26a Simple, transparent and standardised on-balance-sheet securitisationsArticle 26b Requirements relating to simplicityArticle 26c Requirements relating to standardisationArticle 26d Requirements relating to transparencyArticle 26e Requirements concerning the credit protection agreement, the third-party verification agent and the synthetic excess spreadSection 3 STS notification (arts. 27-28)Article 27 STS notification requirementsArticle 28 Third party verifying STS complianceChapter 5 Supervision (arts. 29-37)Article 29 Designation of competent authoritiesArticle 30 Powers of the competent authoritiesArticle 31 Macroprudential oversight of the securitisation marketArticle 32 Administrative sanctions and remedial measuresArticle 33 Exercise of the power to impose administrative sanctions and remedial measuresArticle 34 Criminal sanctionsArticle 35 Notification dutiesArticle 36 Cooperation between competent authorities and the ESAsArticle 37 Publication of administrative sanctionsChapter 6 Amendments (arts. 38-42)Article 38 Amendment to Directive 2009/65/ECArticle 39 Amendment to Directive 2009/138/ECArticle 40 Amendment to Regulation (EC) No 1060/2009Article 41 Amendment to Directive 2011/61/EUArticle 42 Amendment to Regulation (EU) No 648/2012Article 43 Transitional provisionsArticle 43a Transitional provisions for STS on-balance-sheet securitisationsArticle 44 ReportsArticle 45 Synthetic securitisationsArticle 45a Development of a sustainable securitisation frameworkArticle 46 ReviewArticle 47 Exercise of the delegationArticle 48 Entry into forceDone at
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
Version 3 of 3

Article 14 Powers of ESMA

1. The powers conferred on ESMA in accordance with Articles 61 to 68, 73 and 74 of Regulation (EU) No 648/2012, in conjunction with Annexes I and II thereto, shall also be exercised with respect to this Regulation. References to Article 81(1) and (2) of Regulation (EU) No 648/2012 in Annex I to that Regulation shall be construed as references to Article 17(1) of this Regulation.

2. The powers conferred on ESMA or on any official of or other person authorised by ESMA in accordance with Articles 61 to 63 of Regulation (EU) No 648/2012 shall not be used to require the disclosure of information or documents which are subject to legal privilege.

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