Article 11 Eligible securitisations and ABCPs

a securitisation referred to in F1Article 13 of Chapter 2 (Rules on standards for the liquidity coverage requirement for credit institutions) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook;

an ABCP issued by an ABCP programme which:

a simple, transparent and standardised (STS) securitisation F3, as defined in regulation 3(1) of the Securitisation Regulations 2024, or an ABCP transaction, as so defined;

an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2024.

the legal maturity at issuance of the securitisations referred to in point (a) of paragraph 1 is 2 years or less and the time remaining until the next interest rate reset date is 397 days or less;

the legal maturity at issuance or residual maturity of the securitisations or ABCPs referred to in points (b) and (c) of paragraph 1 is 397 days or less;

the securitisations referred to in points (a) and (c) of paragraph 1 are amortising instruments and have a WAL of 2 years or less.

the legal maturity at issuance or residual maturity of the securitisations and ABCPs referred to in points (a), (b) and (c) of paragraph 1 is 2 years or less and the time remaining until the next interest rate reset date is 397 days or less;

the securitisations referred to in points (a) and (c) of paragraph 1 are amortising instruments and have a WAL of 2 years or less.

requirements relating to the simplicity of the securitisation, including its true sale character and the respect of standards relating to the underwriting of the exposures;

requirements relating to standardisation of the securitisation, including risk retention requirements;

requirements relating to the transparency of the securitisation, including the provision of information to potential investors;

for ABCPs, in addition to points (a), (b) and (c), requirements relating to the sponsor and to the sponsor support of the ABCP programme.