67. For the purposes of Article 26c(10) of Regulation (EU) 2017/2402, provisions of the transaction …

For the purposes of Article 26c(10) of Regulation (EU) 2017/2402, provisions of the transaction documentation that ‘facilitate the timely resolution of conflicts between different classes of investors’ for securitisation transactions with more than one investor should include all of the following:

• a. the method for calling meetings or arranging conference calls;
• b. the maximum timeframe for setting up a meeting or conference call;
• c. the required quorum;
• d. the minimum thresholds of votes to validate such a decision, with clear differentiation between the minimum thresholds for each type of decision;
• e. where applicable, a location for the meetings which should be in the Union.

1. Overview

1.1 References

• Article 26c 10.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/