(1) Where an originator, sponsor, original lender, or securitisation special purpose entity breaches the requirements of Articles 6, 7, 9, 18 to 26, 26b to 26e, or 27(1) or (4) of Regulation (EU) 2017/2402, the supervisory authority may order that the acts or conduct constituting the breach be permanently discontinued, and require that their repetition be prevented.
(2) Where a securitisation is designated an STS securitisation within the meaning of Article 18 of Regulation (EU) 2017/2402, and an originator, a sponsor, or a securitisation special purpose entity has breached one of the requirements of Articles 19 to 26 or Articles 26b to 26e of that Regulation, or an originator or sponsor makes a misleading notification under Article 27(1) of that Regulation, the supervisory authority may temporarily prohibit the originator and sponsor from notifying, under Article 27(1) of that Regulation, that their securitisations meet the requirements of Articles 19 to 22, Articles 23 to 26, or Articles 26b to 26e of that Regulation.
(3) Where a third party authorised under Article 28(1) of Regulation (EU) 2017/2402 breaches its duty under Article 28(2) of that Regulation, the Federal Institute may temporarily prohibit it from assessing, under Article 28(1) of that Regulation, whether securitisations meet the criteria laid down in Articles 19 to 26 or Articles 26b to 26e of that Regulation.
4a.
Measures against credit institutions in the event of dangers to the stability of the financial system
Sections 48a to 48s
(repealed)