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 (revoked)

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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))

CHAPTER 1 GENERAL PROVISIONS

Article 1 Subject matter and scope
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Article 2 Definitions
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Article 3 Selling of securitisations to retail clients
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Article 4 Requirements for SSPEs
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CHAPTER 2 PROVISIONS APPLICABLE TO ALL SECURITISATIONS

Article 5 Due-diligence requirements for institutional investors
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Article 6 Risk retention
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Article 7 Transparency requirements for originators, sponsors and SSPEs
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Article 8 Ban on resecuritisation
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Article 9 Criteria for credit-granting
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CHAPTER 3 CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY

Article 10 Registration of a securitisation repository
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Article 11 Notification and consultation with competent authorities prior to registration or extension of registration
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Article 12 Examination of the application
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Article 13 Publication and notification of decisions
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Article 13a Withdrawal of registration
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Article 14 Tribunal
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Article 15 Enforcement provisions relating to securitisation repositories
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Article 16 Supervisory fees
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Article 17 Availability of data held in a securitisation repository
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CHAPTER 4 SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION

Article 18 Use of the designation ‘simple, transparent and standardised securitisation’
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SECTION 1 Requirements for simple, transparent and standardised non-ABCP securitisation

Article 19 Simple, transparent and standardised securitisation
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Article 20 Requirements relating to simplicity
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Article 21 Requirements relating to standardisation
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Article 22 Requirements relating to transparency
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SECTION 2 Requirements for simple, transparent and standardised ABCP securitisation

Article 23 Simple, transparent and standardised ABCP securitisation
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Article 24 Transaction-level requirements
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Article 25 Sponsor of an ABCP programme
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Article 26 Programme-level requirements
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SECTION 3 STS notification

Article 27 STS notification requirements
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Article 28 Third party verifying STS compliance
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CHAPTER 4A Designation of country or territory in relation to securitisations

Article 28A STS equivalent non-UK securitisations
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CHAPTER 5 SUPERVISION

Article 29 Designation of competent authorities
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Article 30 Powers of the competent authorities
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Article 31 Macroprudential oversight of the securitisation market
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Article 32 Administrative sanctions and remedial measures
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Article 33 Exercise of the power to impose administrative sanctions and remedial measures
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Article 34 Criminal sanctions
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Article 35 Notification duties
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Article 36 Cooperation between competent authorities and the ESAs
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Article 37 Publication of administrative sanctions
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CHAPTER 6 AMENDMENTS

Article 38 Amendment to Directive 2009/65/EC
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Article 39 Amendment to Directive 2009/138/EC
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Article 40 Amendment to Regulation (EC) No 1060/2009
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Article 41 Amendment to Directive 2011/61/EU
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Article 42 Amendment to Regulation (EU) No 648/2012
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Article 43 Transitional provisions
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Article 44 Reports
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Article 45 Synthetic securitisations
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Article 46 Review
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Article 47 Exercise of the delegation
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Article 48 Entry into force
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