Home › Capital Markets & Securities › Securitisation Regulation

Securitisation Regulation In force since 1 January 2019

Regulation (EU) 2017/2402 laying down a general framework for securitisation
32017R2402 · official text on EUR-Lex

Articles

Chapter 1 GENERAL PROVISIONS

• 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

• 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

• 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

• Article 18 — Use of the designation ‘simple, transparent and standardised securitisation’

Section 1 Requirements for simple, transparent and standardised non-ABCP securitisation

• Article 19 — Simple, transparent and standardised 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

• 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 3 STS notification

• Article 27 — STS notification requirements
• Article 28 — Third party verifying STS compliance

Chapter 5 SUPERVISION

• 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

• 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 44 — Reports
• Article 45 — Synthetic securitisations
• Article 46 — Review
• Article 47 — Exercise of the delegation
• Article 48 — Entry into force