Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 on supplementing Re... (32023R2175)
INHALT
Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 on supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to regulatory technical standards specifying in greater detail the risk retention requirements for originators, sponsors, original lenders, and servicers
- COMMISSION DELEGATED REGULATION (EU) 2023/2175
- of 7 July 2023
- on supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to regulatory technical standards specifying in greater detail the risk retention requirements for originators, sponsors, original lenders, and servicers
- (Text with EEA relevance)
- Article 1
- Definitions
- Article 2
- Retainers of a material net economic interest
- Article 3
- Fulfilment of the retention requirement through a synthetic or contingent form of retention
- Article 4
- Retention equivalent to not less than 5 % of the nominal value of each of the tranches sold or transferred to investors
- Article 5
- Retention of the originator’s interest in a revolving securitisation or securitisation of revolving exposures
- Article 6
- Retention of randomly selected exposures equivalent to no less than 5 % of the nominal value of the securitised exposures
- Article 7
- Retention of the first loss tranche
- Article 8
- Retention of a first loss exposure of not less than 5 % of every securitised exposure
- Article 9
- Application of the retention options on traditional NPE securitisations
- Article 10
- Measurement of the level of retention
- Article 11
- Measurement of the material net economic interest to be retained for exposures in the form of drawn and undrawn amounts of credit facilities
- Article 12
- Prohibition of hedging or selling the retained interest
- Article 13
- Transactions for which the retention requirement does not apply, as referred to Article 6(6) of Regulation (EU) 2017/2402
- Article 14
- Retention on a consolidated basis
- Article 15
- Requirements on the allocation of cash flows and losses to the retained interest and on fees payable to the retainer
- Article 16
- Fulfilment of the retention requirement in securitisations of own issued debt instruments
- Article 17
- Retention requirement in resecuritisations
- Article 18
- Assets transferred to the SSPE
- Article 19
- Expertise requirement on the servicer of traditional NPE securitisations
- Article 20
- Repeal
- Article 21
- Entry into force
Feedback