Council of the European Union and European Parliament 12 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

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European Union · · · Cited by 1,054 · 12-12-2017

CHAPTER 1. GENERAL PROVISIONS
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
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
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. Notification of ESMA decisions relating to registration or extension of registration
Article 14. Powers of ESMA
Article 15. Withdrawal of registration
Article 16. Supervisory fees
Article 17. Availability of data held in a securitisation repository
CHAPTER 4. SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION
Article 18. Use of the designation ‘simple, transparent and standardised securitisation’
SECTION 1. Requirements for simple, transparent and standardised non-ABCP securitisation
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
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
Article 27. STS notification requirements
Article 28. Third party verifying STS compliance
CHAPTER 5. SUPERVISION
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
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

28.12.2017

Official Journal of the European Union

L 347/35

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

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