EBU Single Rulebook Q&A 9 March 2023 2023_6743 Application of the retention requirements to situations where the retained exposure is transferred to a third-party after losses associated with the relevant exposure

Can a retention holder under Article 6(3)(c) (so-called random selection) of Regulation (EU) 2402/2017 (“Securitisation Regulation”) transfer the retained exposure to a third party if the transfer occurs after crystallisation on the retention holder’s accounts of the losses associated with the relevant exposure?