50. The exemption referred to in the second subparagraph of Article 20(13) of Regulation (EU) …

The exemption referred to in the second subparagraph of Article 20(13) of Regulation (EU) 2017/2402 with regard to the repayment of holders of securitisation positions whose underlying exposures are secured by assets, the value of which is guaranteed or fully mitigated by a repurchase obligation of either the assets securing the underlying exposures or of the underlying exposures themselves by another third party or parties, the seller or the third parties should meet both of the following conditions:

• (a) they are not insolvent;
• (b) there is no reason to believe that the entity would not be able to meet its obligations under the guarantee or the repurchase obligation.

1. Forbhreathnú

1.1 Tagairtí

• Article 20 13.

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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