+REGULATION (EU) 2017/2402 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012
---+CHAPTER 1 GENERAL PROVISIONS
------+Article 1 Subject matter and scope
---------+Article 1 1.
---------+Article 1 2.
------+Article 2 Definitions
------+Article 3 Selling of securitisations to retail clients
---------+Article 3 1.
---------+Article 3 2.
---------+Article 3 3.
---------+Article 3 4.
------+Article 4 Requirements for SSPEs
---+CHAPTER 2 PROVISIONS APPLICABLE TO ALL SECURITISATIONS
------+Article 5 Due-diligence requirements for institutional investors
---------+Article 5 1.
---------+Article 5 2.
---------+Article 5 3.
---------+Article 5 4.
---------+Article 5 5.
------+Article 6 Risk retention
---------+Article 6 1.
---------+Article 6 2.
---------+Article 6 3.
---------+Article 6 3a.
---------+Article 6 4.
---------+Article 6 5.
---------+Article 6 6.
---------+Article 6 7.
------+Article 7 Transparency requirements for originators, sponsors and SSPEs
---------+Article 7 1.
---------+Article 7 2.
---------+Article 7 3.
---------+Article 7 4.
------+Article 8 Ban on resecuritisation
---------+Article 8 1.
---------+Article 8 2.
---------+Article 8 3.
---------+Article 8 4.
---------+Article 8 5.
------+Article 9 Criteria for credit-granting
---------+Article 9 1.
---------+Article 9 2.
---------+Article 9 3.
---------+Article 9 4.
---+CHAPTER 3 CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY
------+Article 10 Registration of a securitisation repository
---------+Article 10 1.
---------+Article 10 2.
---------+Article 10 3.
---------+Article 10 4.
---------+Article 10 5.
---------+Article 10 6.
---------+Article 10 7.
---------+Article 10 8.
------+Article 11 Notification and consultation with competent authorities prior to registration or extension of registration
---------+Article 11 1.
---------+Article 11 2.
------+Article 12 Examination of the application
---------+Article 12 1.
---------+Article 12 2.
------+Article 13 Notification of ESMA decisions relating to registration or extension of registration
---------+Article 13 1.
---------+Article 13 2.
---------+Article 13 3.
------+Article 14 Powers of ESMA
---------+Article 14 1.
---------+Article 14 2.
------+Article 15 Withdrawal of registration
---------+Article 15 1.
---------+Article 15 2.
---------+Article 15 3.
---------+Article 15 4.
------+Article 16 Supervisory fees
---------+Article 16 1.
---------+Article 16 2.
------+Article 17 Availability of data held in a securitisation repository
---------+Article 17 1.
---------+Article 17 2.
---------+Article 17 3.
---+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 traditional securitisation
---------+Article 19 Simple, transparent and standardised non-ABCP traditional securitisation
------------+Article 19 1.
------------+Article 19 2.
---------+Article 20 Requirements relating to simplicity
------------+Article 20 1.
------------+Article 20 2.
------------+Article 20 3.
------------+Article 20 4.
------------+Article 20 5.
------------+Article 20 6.
------------+Article 20 7.
------------+Article 20 8.
------------+Article 20 9.
------------+Article 20 10.
------------+Article 20 11.
------------+Article 20 12.
------------+Article 20 13.
------------+Article 20 14.
---------+Article 21 Requirements relating to standardisation
------------+Article 21 1.
------------+Article 21 2.
------------+Article 21 3.
------------+Article 21 4.
------------+Article 21 5.
------------+Article 21 6.
------------+Article 21 7.
------------+Article 21 8.
------------+Article 21 9.
------------+Article 21 10.
---------+Article 22 Requirements relating to transparency
------------+Article 22 1.
------------+Article 22 2.
------------+Article 22 3.
------------+Article 22 4.
------------+Article 22 5.
------------+Article 22 6.
------+SECTION 2 Requirements for simple, transparent and standardised ABCP securitisation
---------+Article 23 Simple, transparent and standardised ABCP securitisation
------------+Article 23 1.
------------+Article 23 2.
------------+Article 23 3.
---------+Article 24 Transaction-level requirements
------------+Article 24 1.
------------+Article 24 2.
------------+Article 24 3.
------------+Article 24 4.
------------+Article 24 5.
------------+Article 24 6.
------------+Article 24 7.
------------+Article 24 8.
------------+Article 24 9.
------------+Article 24 10.
------------+Article 24 11.
------------+Article 24 12.
------------+Article 24 13.
------------+Article 24 14.
------------+Article 24 15.
------------+Article 24 16.
------------+Article 24 17.
------------+Article 24 18.
------------+Article 24 19.
------------+Article 24 20.
------------+Article 24 21.
---------+Article 25 Sponsor of an ABCP programme
------------+Article 25 1.
------------+Article 25 2.
------------+Article 25 3.
------------+Article 25 4.
------------+Article 25 5.
------------+Article 25 6.
------------+Article 25 7.
---------+Article 26 Programme-level requirements
------------+Article 26 1.
------------+Article 26 2.
------------+Article 26 3.
------------+Article 26 4.
------------+Article 26 5.
------------+Article 26 6.
------------+Article 26 7.
------------+Article 26 8.
------+SECTION 2a Requirements for simple, transparent and standardised on-balance-sheet securitisations
---------+Article 26a Simple, transparent and standardised on-balance-sheet securitisations
------------+Article 26a 1.
------------+Article 26a 2.
---------+Article 26b Requirements relating to simplicity
------------+Article 26b 1.
------------+Article 26b 2.
------------+Article 26b 3.
------------+Article 26b 4.
------------+Article 26b 5.
------------+Article 26b 6.
------------+Article 26b 7.
------------+Article 26b 8.
------------+Article 26b 9.
------------+Article 26b 10.
------------+Article 26b 11.
------------+Article 26b 12.
------------+Article 26b 13.
---------+Article 26c Requirements relating to standardisation
------------+Article 26c 1.
------------+Article 26c 2.
------------+Article 26c 3.
------------+Article 26c 4.
------------+Article 26c 5.
------------+Article 26c 6.
------------+Article 26c 7.
------------+Article 26c 8.
------------+Article 26c 9.
------------+Article 26c 10.
---------+Article 26d Requirements relating to transparency
------------+Article 26d 1.
------------+Article 26d 2.
------------+Article 26d 3.
------------+Article 26d 4.
------------+Article 26d 5.
------------+Article 26d 6.
---------+Article 26e Requirements concerning the credit protection agreement, the third-party verification agent and the synthetic excess spread
------------+Article 26e 1.
------------+Article 26e 2.
------------+Article 26e 3.
------------+Article 26e 4.
------------+Article 26e 5.
------------+Article 26e 6.
------------+Article 26e 7
------------+Article 26e 8.
------------+Article 26e 9.
------------+Article 26e 10.
------+SECTION 3 STS notification
---------+Article 27 STS notification requirements
------------+Article 27 1.
------------+Article 27 2.
------------+Article 27 3.
------------+Article 27 4.
------------+Article 27 5.
------------+Article 27 6.
------------+Article 27 7.
---------+Article 28 Third party verifying STS compliance
------------+Article 28 1.
------------+Article 28 2.
------------+Article 28 3.
------------+Article 28 4.
---+CHAPTER 5 SUPERVISION
------+Article 29 Designation of competent authorities
---------+Article 29 1.
---------+Article 29 2.
---------+Article 29 3.
---------+Article 29 4.
---------+Article 29 5.
---------+Article 29 6.
---------+Article 29 7.
---------+Article 29 8.
------+Article 30 Powers of the competent authorities
---------+Article 30 1.
---------+Article 30 2.
---------+Article 30 3.
---------+Article 30 4.
---------+Article 30 5.
------+Article 31 Macroprudential oversight of the securitisation market
---------+Article 31 1.
---------+Article 31 2.
---------+Article 31 3.
---------+Article 31 4.
------+Article 32 Administrative sanctions and remedial measures
---------+Article 32 1.
---------+Article 32 2.
---------+Article 32 3.
---------+Article 32 4.
------+Article 33 Exercise of the power to impose administrative sanctions and remedial measures
---------+Article 33 1.
---------+Article 33 2.
------+Article 34 Criminal sanctions
---------+Article 34 1.
---------+Article 34 2.
------+Article 35 Notification duties
------+Article 36 Cooperation between competent authorities and the ESAs
---------+Article 36 1.
---------+Article 36 2.
---------+Article 36 3.
---------+Article 36 4.
---------+Article 36 5.
---------+Article 36 6.
---------+Article 36 7.
---------+Article 36 8.
------+Article 37 Publication of administrative sanctions
---------+Article 37 1.
---------+Article 37 2.
---------+Article 37 3.
---------+Article 37 4.
---------+Article 37 5.
---------+Article 37 6.
---------+Article 37 7.
---+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 43 1.
---------+Article 43 2.
---------+Article 43 3.
---------+Article 43 4.
---------+Article 43 5.
---------+Article 43 6.
---------+Article 43 7.
---------+Article 43 8.
---------+Article 43 9.
------+Article 43a Transitional provisions for STS on-balance-sheet securitisations
---------+Article 43a 1.
---------+Article 43a 2.
---------+Article 43a 3.
---------+Article 43a 4.
------+Article 44 Reports
------+Article 45a Development of a sustainable securitisation framework
---------+Article 45a 1.
---------+Article 45a 2.
---------+Article 45a 3.
------+Article 46 Review
------+Article 47 Exercise of the delegation
---------+Article 47 1.
---------+Article 47 2.
---------+Article 47 3.
---------+Article 47 4.
---------+Article 47 5.
---------+Article 47 6.
------+Article 48 Entry into force
 English - European Union - Financial Industry - Banking -

REGULATION (EU) 2017/2402 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012

REGULATION (EU) 2017/2402 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 12 December 2017

laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012

This Regulation shall be binding in its entirety and directly applicable in all Member States.

1. Overview

,
CHAPTER 1 GENERAL PROVISIONS CHAPTER 1 GENERAL PROVISIONS
CHAPTER 2 PROVISIONS APPLICABLE TO ALL SECURITISATIONS CHAPTER 2 PROVISIONS APPLICABLE TO ALL SECURITISATIONS
CHAPTER 3 CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY CHAPTER 3 CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY
CHAPTER 4 SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION CHAPTER 4 SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION
CHAPTER 5 SUPERVISION CHAPTER 5 SUPERVISION
CHAPTER 6 AMENDMENTS CHAPTER 6 AMENDMENTS

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
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