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Regulation (EU) 2017/2402 of the European Parliament and of the CouncilShow full title

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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  1. Introductory Text

  2. CHAPTER 1 GENERAL PROVISIONS

    1. Article 1.Subject matter and scope

    2. Article 2.Definitions

    3. Article 3.Selling of securitisations to retail clients

    4. Article 4.Requirements for SSPEs

  3. CHAPTER 2 PROVISIONS APPLICABLE TO ALL SECURITISATIONS

    1. Article 5.Due-diligence requirements for institutional investors

    2. Article 6.Risk retention

    3. Article 7.Transparency requirements for originators, sponsors and SSPEs

    4. Article 8.Ban on resecuritisation

    5. Article 9.Criteria for credit-granting

  4. CHAPTER 3 CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY

    1. Article 10.Registration of a securitisation repository

    2. Article 11.Notification and consultation with competent authorities prior to registration or extension of registration

    3. Article 12.Examination of the application

    4. Article 13.Notification of ESMA decisions relating to registration or extension of registration

    5. Article 14.Powers of ESMA

    6. Article 15.Withdrawal of registration

    7. Article 16.Supervisory fees

    8. Article 17.Availability of data held in a securitisation repository

  5. CHAPTER 4 SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION

    1. Article 18.Use of the designation ‘simple, transparent and standardised securitisation’

    2. SECTION 1 Requirements for simple, transparent and standardised non-ABCP securitisation

      1. Article 19.Simple, transparent and standardised securitisation

      2. Article 20.Requirements relating to simplicity

      3. Article 21.Requirements relating to standardisation

      4. Article 22.Requirements relating to transparency

    3. SECTION 2 Requirements for simple, transparent and standardised ABCP securitisation

      1. Article 23.Simple, transparent and standardised ABCP securitisation

      2. Article 24.Transaction-level requirements

      3. Article 25.Sponsor of an ABCP programme

      4. Article 26.Programme-level requirements

    4. SECTION 3 STS notification

      1. Article 27.STS notification requirements

      2. Article 28.Third party verifying STS compliance

  6. CHAPTER 5 SUPERVISION

    1. Article 29.Designation of competent authorities

    2. Article 30.Powers of the competent authorities

    3. Article 31.Macroprudential oversight of the securitisation market

    4. Article 32.Administrative sanctions and remedial measures

    5. Article 33.Exercise of the power to impose administrative sanctions and remedial measures

    6. Article 34.Criminal sanctions

    7. Article 35.Notification duties

    8. Article 36.Cooperation between competent authorities and the ESAs

    9. Article 37.Publication of administrative sanctions

  7. CHAPTER 6 AMENDMENTS

    1. Article 38.Amendment to Directive 2009/65/EC

    2. Article 39.Amendment to Directive 2009/138/EC

    3. Article 40.Amendment to Regulation (EC) No 1060/2009

    4. Article 41.Amendment to Directive 2011/61/EU

    5. Article 42.Amendment to Regulation (EU) No 648/2012

    6. Article 43.Transitional provisions

    7. Article 44.Reports

    8. Article 45.Synthetic securitisations

    9. Article 46.Review

    10. Article 47.Exercise of the delegation

    11. Article 48.Entry into force

  8. Signature

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