CHAPTER 4

SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION

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

Requirements for simple, transparent and standardised non-ABCP securitisation

Simple, transparent and standardised securitisation
Article 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirements relating to simplicity
Article 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirements relating to standardisation
Article 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirements relating to transparency
Article 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION 2

Requirements for simple, transparent and standardised ABCP securitisation

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

Transaction-level requirements
Article 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sponsor of an ABCP programme
Article 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Programme-level requirements
Article 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION 3

STS notification

STS notification requirements
Article 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Third party verifying STS compliance
Article 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regulation revoked (14.12.2023 for the revocation of Art. 46, 1.11.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 1 (with s. 1(4)); S.I. 2023/1382, reg. 2(b)(i); S.I. 2024/891, reg. 2(b) (with further savings and transitional provisions in S.I. 2024/102, regs. 52, 52A, Sch. 3) (as amended (1.11.2024) by S.I. 2024/705, regs. 1(3), 2(10))