Chapter 4 Simple, transparent and standardised securitisation (arts. 18-28)

Comparing proposed amendment...


Amended	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)
Amended	Article 19 Simple, transparent and standardised non-ABCP traditional securitisation
Applicable	Article 20 Requirements relating to simplicity
Applicable	Article 21 Requirements relating to standardisation
Amended	Article 22 Requirements relating to transparency
	Section 2 Requirements for simple, transparent and standardised ABCP securitisation (arts. 23-26)
Applicable	Article 23 Simple, transparent and standardised ABCP securitisation
Applicable	Article 24 Transaction-level requirements
Applicable	Article 25 Sponsor of an ABCP programme
Applicable	Article 26 Programme-level requirements
	Section 2a Requirements for simple, transparent and standardised on-balance-sheet securitisations (arts. 26a-26e)
Inserted	Article 26a Simple, transparent and standardised on-balance-sheet securitisations
Inserted	Article 26b Requirements relating to simplicity
Inserted	Article 26c Requirements relating to standardisation
Inserted	Article 26d Requirements relating to transparency
Inserted	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)
Amended	Article 27 STS notification requirements
Amended	Article 28 Third party verifying STS compliance

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