What changes on 07/11/2023

The text in force from 06/01/2011 compared with the text from 07/11/2023.

Read the act as of 07/11/2023 · other versions:

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Preamble
• inserted Article 1 - Definitions
• inserted Article 2 - Retainers of a material net economic interest
• inserted Article 3 - Fulfilment of the retention requirement through a synthetic or contingent form of retention
• inserted Article 4 - Retention equivalent to not less than 5 % of the nominal value of each of the tranches sold or transferred to investors
• inserted Article 5 - Retention of the originator’s interest in a revolving securitisation or securitisation of revolving exposures
• inserted Article 6 - Retention of randomly selected exposures equivalent to no less than 5 % of the nominal value of the securitised exposures
• inserted Article 7 - Retention of the first loss tranche
• inserted Article 8 - Retention of a first loss exposure of not less than 5 % of every securitised exposure
• inserted Article 9 - Application of the retention options on traditional NPE securitisations
• inserted Article 10 - Measurement of the level of retention
• inserted Article 11 - Measurement of the material net economic interest to be retained for exposures in the form of drawn and undrawn amounts of credit facilities
• inserted Article 12 - Prohibition of hedging or selling the retained interest
• inserted Article 13 - Transactions for which the retention requirement does not apply, as referred to Article 6(6) of Regulation (EU) 2017/2402
• inserted Article 14 - Retention on a consolidated basis
• inserted Article 15 - Requirements on the allocation of cash flows and losses to the retained interest and on fees payable to the retainer
• inserted Article 16 - Fulfilment of the retention requirement in securitisations of own issued debt instruments
• inserted Article 17 - Retention requirement in resecuritisations
• inserted Article 18 - Assets transferred to the SSPE
• inserted Article 19 - Expertise requirement on the servicer of traditional NPE securitisations
• inserted Article 20 - Repeal
• inserted Article 21 - Entry into force