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New version applies from 03/07/2014.
39 provisions change.
Later versions: 28/10/2015.
Commission Delegated Regulation (EU) No 625/2014
Not in force · replaced by Commission Delegated Regulation (EU) 2023/2175
03/07/2014 → 28/10/2015: 0 inserted · 0 removed · 20 amended · 0 moved · 0 renamed · 19 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
- amended Preamble
Recitals
Recitals · 14 unchanged
Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14
Chapter I - DEFINITIONS AND EXPOSURE TO THE RISK OF A SECURITISATION
- amended Article 1 - Definitions Chapter I
Chapter II - EXPOSURE TO THE CREDIT RISK OF A SECURITISATION POSITION
Chapter III - RETENTION OF NET ECONOMIC INTEREST
- amended Article 3 - Retainers of material net economic interest Chapter III
- amended Article 4 - Fulfilment of the retention requirement through a synthetic or contingent form of retention Chapter III
- amended Article 5 - Retention option (a): pro rata retention in each of the tranches sold or transferred to investors Chapter III
- amended Article 7 - Retention option (c): retention of randomly selected exposures Chapter III
- amended Article 8 - Retention option (d): retention of the first loss tranche Chapter III
- amended Article 9 - Retention option (e): retention of a first loss in every securitised exposure Chapter III
- amended Article 10 - Measurement of the level of retention Chapter III
- amended Article 12 - Prohibition of hedging or selling the retained interest Chapter III
Chapter III · 4 unchanged
Chapter IV - DUE DILIGENCE REQUIREMENTS FOR INSTITUTIONS BECOMING EXPOSED TO A SECURITISATION POSITION
- amended Article 15 - Outsourcing and other general considerations Chapter IV
- amended Article 16 - Specification of risk characteristics and structural features Chapter IV
- amended Article 17 - Frequency of review Chapter IV
- amended Article 18 - Stress Tests Chapter IV
- amended Article 19 - Exposures in the trading book and non-trading book Chapter IV
- amended Article 20 - Positions in the correlation trading portfolio Chapter IV
Chapter V - REQUIREMENTS FOR ORIGINATORS, SPONSORS AND ORIGINAL LENDERS
- amended Article 21 - Policies for credit granting Chapter V
- amended Article 22 - Disclosure of the level of the commitment to maintain a net economic interest Chapter V
- amended Article 23 - Disclosure of materially relevant data Chapter V