(11)There is a need to define and align the treatment of the concept of gain on sale associated with a future margin income in the context of securitisation, with international practices as those defined by the Basel Committee on Banking Supervision and to ensure that no revocable gain on sale is included among the own funds of an institution, given the lack of its permanence.
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New version applies from 07/07/2015 — introduced by Commission Delegated Regulation (EU) 2015/923.
47 provisions change.
Later versions: 23/12/2020, 09/05/2023.
Recital 11 changes in this version: compare with the current text.