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Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (UK Securitisation Regulation) (Assimilated Law)RecitalsChapter 1 General provisions (arts. 1-4)Article 1 Subject matter and scopeArticle 2 DefinitionsArticle 3 Selling of securitisations to retail clientsArticle 4 Requirements for SSPEsChapter 2 Provisions applicable to all securitisations (arts. 5-9)Article 5 Due-diligence requirements for institutional investorsArticle 6 Risk retentionArticle 7 Transparency requirements for originators, sponsors and SSPEsArticle 8 Ban on resecuritisationArticle 9 Criteria for credit-grantingChapter 3 Conditions and procedures for registration of a securitisation repository (arts. 10-17)Article 10 Registration of a securitisation repositoryArticle 11 Notification and consultation with competent authorities prior to registration or extension of registrationArticle 12 Examination of the applicationArticle 13 Publication and notification of decisionsArticle 13a Withdrawal of registrationArticle 14 TribunalArticle 15 Enforcement provisions relating to securitisation repositoriesArticle 16 Supervisory feesArticle 17 Availability of data held in a securitisation repositoryChapter 4 Simple, transparent and standardised securitisation (arts. 18-28)Article 18 Use of the designation 'simple, transparent and standardised securitisation'Section 1 Requirements for simple, transparent and standardised non-ABCP securitisation (arts. 19-22)Article 19 Simple, transparent and standardised securitisationArticle 20 Requirements relating to simplicityArticle 21 Requirements relating to standardisationArticle 22 Requirements relating to transparencySection 2 Requirements for simple, transparent and standardised ABCP securitisation (arts. 23-26)Article 23 Simple, transparent and standardised ABCP securitisationArticle 24 Transaction-level requirementsArticle 25 Sponsor of an ABCP programmeArticle 26 Programme-level requirementsSection 3 STS notification (arts. 27-28)Article 27 STS notification requirementsArticle 28 Third party verifying STS complianceChapter 4A STS equivalent non-UK securitisations (art. 28A)Article 28A Designation of country or territory in relation to securitisationsChapter 5 Supervision (arts. 29-37)Article 29 Designation of competent authoritiesArticle 30 Powers of the competent authoritiesArticle 31 Macroprudential oversight of the securitisation marketArticle 32 Administrative sanctions and remedial measuresArticle 33 Exercise of the power to impose administrative sanctions and remedial measuresArticle 34 Criminal sanctionsArticle 35 Notification dutiesArticle 36 Cooperation between competent authorities and the ESAsArticle 37 Publication of administrative sanctionsChapter 6 Amendments (arts. 38-42)Article 38 Amendment to Directive 2009/65/ECArticle 39 Amendment to Directive 2009/138/ECArticle 40 Amendment to Regulation (EC) No 1060/2009Article 41 Amendment to Directive 2011/61/EUArticle 42 Amendment to Regulation (EU) No 648/2012Article 43 Transitional provisionsArticle 44 ReportsArticle 45 Synthetic securitisationsArticle 46 ReviewArticle 47 Exercise of the delegationArticle 48 Entry into forceDone at
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AI Summary of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (UK Securitisation Regulation) (Assimilated Law)

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Version status: Revoked | Document consolidation status: Assimilated law updated to reflect all known changes
Published date: 28 December 2017

Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (UK Securitisation Regulation) (Assimilated Law)

Future version Amendment requiring commencement Draft proposed change
Recitals
Chapter 1 General provisions (arts. 1-4)
Article 1 Subject matter and scope
Article 2 Definitions
Article 3 Selling of securitisations to retail clients
Article 4 Requirements for SSPEs
Chapter 2 Provisions applicable to all securitisations (arts. 5-9)
Article 5 Due-diligence requirements for institutional investors
Article 6 Risk retention
Article 7 Transparency requirements for originators, sponsors and SSPEs
Article 8 Ban on resecuritisation
Article 9 Criteria for credit-granting
Chapter 3 Conditions and procedures for registration of a securitisation repository (arts. 10-17)
Article 10 Registration of a securitisation repository
Article 11 Notification and consultation with competent authorities prior to registration or extension of registration
Article 12 Examination of the application
Article 13 Publication and notification of decisions
Article 13a Withdrawal of registration
Article 14 Tribunal
Article 15 Enforcement provisions relating to securitisation repositories
Article 16 Supervisory fees
Article 17 Availability of data held in a securitisation repository
Chapter 4 Simple, transparent and standardised securitisation (arts. 18-28)
Article 18 Use of the designation 'simple, transparent and standardised securitisation'
Section 1 Requirements for simple, transparent and standardised non-ABCP securitisation (arts. 19-22)
Article 19 Simple, transparent and standardised securitisation
Article 20 Requirements relating to simplicity
Article 21 Requirements relating to standardisation
Article 22 Requirements relating to transparency
Section 2 Requirements for simple, transparent and standardised ABCP securitisation (arts. 23-26)
Article 23 Simple, transparent and standardised ABCP securitisation
Article 24 Transaction-level requirements
Article 25 Sponsor of an ABCP programme
Article 26 Programme-level requirements
Section 3 STS notification (arts. 27-28)
Article 27 STS notification requirements
Article 28 Third party verifying STS compliance
Chapter 4A STS equivalent non-UK securitisations (art. 28A)
Article 28A Designation of country or territory in relation to securitisations
Chapter 5 Supervision (arts. 29-37)
Article 29 Designation of competent authorities
Article 30 Powers of the competent authorities
Article 31 Macroprudential oversight of the securitisation market
Article 32 Administrative sanctions and remedial measures
Article 33 Exercise of the power to impose administrative sanctions and remedial measures
Article 34 Criminal sanctions
Article 35 Notification duties
Article 36 Cooperation between competent authorities and the ESAs
Article 37 Publication of administrative sanctions
Chapter 6 Amendments (arts. 38-42)
Article 38 Amendment to Directive 2009/65/EC
Article 39 Amendment to Directive 2009/138/EC
Article 40 Amendment to Regulation (EC) No 1060/2009
Article 41 Amendment to Directive 2011/61/EU
Article 42 Amendment to Regulation (EU) No 648/2012
Article 43 Transitional provisions
Article 44 Reports
Article 45 Synthetic securitisations
Article 46 Review
Article 47 Exercise of the delegation
Article 48 Entry into force
Done at
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