18. Notwithstanding paragraph 17, for securitised exposures where institutions act as investors …

Notwithstanding paragraph 17, for securitised exposures where institutions act as investors, institutions may alternatively use the following guidance: the above-described assessment of diversification should be deemed as automatically fulfilled in the case of an institution’s investor position in a securitisation, to the extent that the latter is comprised of underlying exposures, for which, in line with the due diligence and transparency requirements set out in Articles 5 and 7 of Regulation (EU) 2017/2402, information on the obligor and on the exposure value of the underlying exposures of that securitisation positions is not requested in the templates referred to in Article 7 of that Regulation. This derogation should apply only in the sole cases where the templates mandated under Article 7(4) of Regulation (EU) 2017/2402 do not foresee the information on obligor and on the size of the obligor.

1. Overview

1.1 References

• Article 5 Due-diligence requirements for institutional investors
• Article 7 Transparency requirements for originators, sponsors and SSPEs
• Article 7 4.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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