What changes on 28/10/2015

The text in force from 03/07/2014 compared with the text from 28/10/2015, which includes the changes made by Commission Delegated Regulation (EU) 2015/1798.

Read the act as of 28/10/2015 · other versions:

Chapter I

• amended Article 1 - Definitions

Chapter II

• amended Article 2 - Particular cases of exposure to the credit risk of a securitisation position

Chapter III

• amended Article 3 - Retainers of material net economic interest
• amended Article 4 - Fulfilment of the retention requirement through a synthetic or contingent form of retention
• amended Article 5 - Retention option (a): pro rata retention in each of the tranches sold or transferred to investors
• amended Article 7 - Retention option (c): retention of randomly selected exposures
• amended Article 8 - Retention option (d): retention of the first loss tranche
• amended Article 9 - Retention option (e): retention of a first loss in every securitised exposure
• amended Article 10 - Measurement of the level of retention
• amended Article 12 - Prohibition of hedging or selling the retained interest

Chapter IV

• amended Article 15 - Outsourcing and other general considerations
• amended Article 16 - Specification of risk characteristics and structural features
• amended Article 17 - Frequency of review
• amended Article 18 - Stress Tests
• amended Article 19 - Exposures in the trading book and non-trading book
• amended Article 20 - Positions in the correlation trading portfolio

Chapter V

• amended Article 21 - Policies for credit granting
• amended Article 22 - Disclosure of the level of the commitment to maintain a net economic interest
• amended Article 23 - Disclosure of materially relevant data

Outside any heading

• amended Preamble