(2)Regulation (EU) 2021/557 of the European Parliament and of the Council 3 amended Regulation (EU) 2017/2402 to ensure that the Union securitisation framework provides for an additional tool to foster economic recovery in the aftermath of the COVID-19 crisis, inter alia, by introducing the possibility for on-balance-sheet securitisations to be recognised as STS securitisations.
Recital 2
- 3 Regulation (EU) 2021/557 of the European Parliament and of the Council of 31 March 2021 amending Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation to help the recovery from the COVID-19 crisis ( OJ L 116, 6.4.2021, p. 1 ). ↩