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+Article 6 7. |
Article 6 7.EBA, in close cooperation with the ESMA and the European Insurance and Occupational Pensions Authority (EIOPA) which was established by Regulation (EU) No 1094/2010 of the European Parliament and of the Council ( 7 ), shall develop draft regulatory technical standards to specify in greater detail the risk-retention requirement, in particular with regard to:
(a)
the modalities for retaining risk pursuant to paragraph 3, including the fulfilment through a synthetic or contingent form of retention;
(b)
the measurement of the level of retention referred to in paragraph 1;
(c)
the prohibition of hedging or selling the retained interest;
(d)
the conditions for retention on a consolidated basis in accordance with paragraph 4;
(e)
the conditions for exempting transactions based on a clear, transparent and accessible index referred to in paragraph 6;
(f)
the modalities of retaining risk pursuant to paragraphs 3 and 3a in the case of NPE securitisations;
(g)
the impact of fees paid to the retainer on the effective material net economic interest within the meaning of paragraph 1. EBA shall submit those draft regulatory technical standards to the Commission by 10 October 2021. The Commission is empowered to supplement this Regulation by adopting the regulatory technical standards referred to in this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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