1. An ABCP transaction shall be considered STS where it complies with the transaction-level requirements provided for in Article 24.
2. An ABCP programme shall be considered STS where it complies with the requirements provided for in Article 26 and the sponsor of the ABCP programme complies with the requirements provided for in Article 25.
For the purpose of this Section, a ‘seller’ means ‘originator’ or ‘original lender’.
3. By 18 October 2018, the EBA, in close cooperation with ESMA and EIOPA, shall adopt, in accordance with Article 16 of Regulation (EU) No 1093/2010, guidelines and recommendations on the harmonised interpretation and application of the requirements set out in Articles 24 and 26 of this Regulation.