Commission Delegated Regulation (EU) No 625/2014 of 13 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council by way of regulatory technical standards specifying the requirements for investor, sponsor, original lender and originator institutions relating to exposures to transferred credit risk (Text with EEA relevance) (revoked)
EU Regulation No 625/2014 · Adopted 13 March 2014 · Extends to United Kingdom
Commission Delegated Regulation (EU) No 625/2014
of 13 March 2014
supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council by way of regulatory technical standards specifying the requirements for investor, sponsor, original lender and originator institutions relating to exposures to transferred credit risk
(Text with EEA relevance) (revoked)
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Annotations to the whole text
Textual amendments
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Regulation revoked (1.11.2024) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pts. 1, 3 (with s. 1(4)); S.I. 2024/891, reg. 2(d)(i)
Contents
- Chapter I: DEFINITIONS AND EXPOSURE TO THE RISK OF A SECURITISATION Repealed
- 1Definitions Repealed
- Chapter II: EXPOSURE TO THE CREDIT RISK OF A SECURITISATION POSITION Repealed
- 2Particular cases of exposure to the credit risk of a securitisation position Repealed
- Chapter III: RETENTION OF NET ECONOMIC INTEREST Repealed
- 3Retainers of material net economic interest Repealed
- 4Fulfilment of the retention requirement through a synthetic or contingent form of retention Repealed
- 5Retention option (a): pro rata retention in each of the tranches sold or transferred to investors Repealed
- 6Retention option (b): retention of the originator's interest for revolving exposures Repealed
- 7Retention option (c): retention of randomly selected exposures Repealed
- 8Retention option (d): retention of the first loss tranche Repealed
- 9Retention option (e): retention of a first loss in every securitised exposure Repealed
- 10Measurement of the level of retention Repealed
- 11Measurement of retention for the undrawn amounts in exposures in the form of credit facilities Repealed
- 12Prohibition of hedging or selling the retained interest Repealed
- 13Exemptions to Article 405(1) of Regulation (EU) No 575/2013 Repealed
- 14Retention on a consolidated basis Repealed
- Chapter IV: DUE DILIGENCE REQUIREMENTS FOR INSTITUTIONS BECOMING EXPOSED TO A SECURITISATION POSITION Repealed
- 15Outsourcing and other general considerations Repealed
- 16Specification of risk characteristics and structural features Repealed
- 17Frequency of review Repealed
- 18Stress Tests Repealed
- 19Exposures in the trading book and non-trading book Repealed
- 20Positions in the correlation trading portfolio Repealed
- Chapter V: REQUIREMENTS FOR ORIGINATORS, SPONSORS AND ORIGINAL LENDERS Repealed
- 21Policies for credit granting Repealed
- 22Disclosure of the level of the commitment to maintain a net economic interest Repealed
- 23Disclosure of materially relevant data Repealed
- Chapter VI: FINAL PROVISIONS Repealed
- 24Entry into force Repealed
- Signature
1DefinitionsF1
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2Particular cases of exposure to the credit risk of a securitisation positionF1
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3Retainers of material net economic interestF1
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4Fulfilment of the retention requirement through a synthetic or contingent form of retentionF1
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5Retention option (a): pro rata retention in each of the tranches sold or transferred to investorsF1
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6Retention option (b): retention of the originator's interest for revolving exposuresF1
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7Retention option (c): retention of randomly selected exposuresF1
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8Retention option (d): retention of the first loss trancheF1
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9Retention option (e): retention of a first loss in every securitised exposureF1
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10Measurement of the level of retentionF1
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11Measurement of retention for the undrawn amounts in exposures in the form of credit facilitiesF1
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12Prohibition of hedging or selling the retained interestF1
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13Exemptions to Article 405(1) of Regulation (EU) No 575/2013F1
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14Retention on a consolidated basisF1
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15Outsourcing and other general considerationsF1
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16Specification of risk characteristics and structural featuresF1
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17Frequency of reviewF1
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18Stress TestsF1
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19Exposures in the trading book and non-trading bookF1
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20Positions in the correlation trading portfolioF1
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21Policies for credit grantingF1
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22Disclosure of the level of the commitment to maintain a net economic interestF1
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23Disclosure of materially relevant dataF1
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24Entry into forceF1
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Signature
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