Chapter III RETENTION OF NET ECONOMIC INTERESTF1

United Kingdom Repealed

1. 3Retainers of material net economic interest
2. 4Fulfilment of the retention requirement through a synthetic or contingent form of retention
3. 5Retention option (a): pro rata retention in each of the tranches sold or transferred to investors
4. 6Retention option (b): retention of the originator's interest for revolving exposures
5. 7Retention option (c): retention of randomly selected exposures
6. 8Retention option (d): retention of the first loss tranche
7. 9Retention option (e): retention of a first loss in every securitised exposure
8. 10Measurement of the level of retention
9. 11Measurement of retention for the undrawn amounts in exposures in the form of credit facilities
10. 12Prohibition of hedging or selling the retained interest
11. 13Exemptions to Article 405(1) of Regulation (EU) No 575/2013
12. 14Retention on a consolidated basis