+Article 8 1.

Article 8 1.

The underlying exposures used in a securitisation shall not include securitisation positions.

By way of derogation, the first subparagraph shall not apply to:

(a)

any securitisation the securities of which were issued before 1 January 2019; and

(b)

any securitisation, to be used for legitimate purposes as set out in paragraph 3, the securities of which were issued on or following 1 January 2019.

1. Resumen

Título	Regulación

Requisitos
Fuente	Requisito

Estándares
Fuente	Requisito