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)
EU Regulation 2017/2402 · Adopted 12 December 2017 · Extends to United Kingdom
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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Annotations to the whole text
Textual amendments
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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))
Contents
- Chapter 1: GENERAL PROVISIONS Repealed
- 1Subject matter and scope Repealed
- 2Definitions Repealed
- 3Selling of securitisations to retail clients Repealed
- 4Requirements for SSPEs Repealed
- Chapter 2: PROVISIONS APPLICABLE TO ALL SECURITISATIONS Repealed
- 5Due-diligence requirements for institutional investors Repealed
- 6Risk retention Repealed
- 7Transparency requirements for originators, sponsors and SSPEs Repealed
- 8Ban on resecuritisation Repealed
- 9Criteria for credit-granting Repealed
- Chapter 3: CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY Repealed
- 10Registration of a securitisation repository Repealed
- 11Notification and consultation with competent authorities prior to registration or extension of registration Repealed
- 12Examination of the application Repealed
- 13Publication and notification of decisions Repealed
- 13aWithdrawal of registration Repealed
- 14Tribunal Repealed
- 15Enforcement provisions relating to securitisation repositories Repealed
- 16Supervisory fees Repealed
- 17Availability of data held in a securitisation repository Repealed
- Chapter 4: SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION Repealed
- 18Use of the designation ‘simple, transparent and standardised securitisation’ Repealed
- Requirements for simple, transparent and standardised non-ABCP securitisation Repealed
- 19Simple, transparent and standardised securitisation Repealed
- 20Requirements relating to simplicity Repealed
- 21Requirements relating to standardisation Repealed
- 22Requirements relating to transparency Repealed
- Requirements for simple, transparent and standardised ABCP securitisation Repealed
- 23Simple, transparent and standardised ABCP securitisation Repealed
- 24Transaction-level requirements Repealed
- 25Sponsor of an ABCP programme Repealed
- 26Programme-level requirements Repealed
- STS notification Repealed
- 27STS notification requirements Repealed
- 28Third party verifying STS compliance Repealed
- Chapter 4A: Designation of country or territory in relation to securitisations Repealed
- 28ASTS equivalent non-UK securitisations Repealed
- Chapter 5: SUPERVISION Repealed
- 29Designation of competent authorities Repealed
- 30Powers of the competent authorities Repealed
- 31Macroprudential oversight of the securitisation market Repealed
- 32Administrative sanctions and remedial measures Repealed
- 33Exercise of the power to impose administrative sanctions and remedial measures Repealed
- 34Criminal sanctions Repealed
- 35Notification duties Repealed
- 36Cooperation between competent authorities and the ESAs Repealed
- 37Publication of administrative sanctions Repealed
- Chapter 6: AMENDMENTS Repealed
- 38Amendment to Directive 2009/65/EC Repealed
- 39Amendment to Directive 2009/138/EC Repealed
- 40Amendment to Regulation (EC) No 1060/2009 Repealed
- 41Amendment to Directive 2011/61/EU Repealed
- 42Amendment to Regulation (EU) No 648/2012 Repealed
- 43Transitional provisions Repealed
- 44Reports Repealed
- 45Synthetic securitisations Repealed
- 46Review Repealed
- 47Exercise of the delegation Repealed
- 48Entry into force Repealed
- Signature
1Subject matter and scopeF1
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2DefinitionsF1
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3Selling of securitisations to retail clientsF1
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4Requirements for SSPEsF1
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5Due-diligence requirements for institutional investorsF1
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6Risk retentionF1
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7Transparency requirements for originators, sponsors and SSPEsF1
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8Ban on resecuritisationF1
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9Criteria for credit-grantingF1
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10Registration of a securitisation repositoryF1
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11Notification and consultation with competent authorities prior to registration or extension of registrationF1
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12Examination of the applicationF1
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13Publication and notification of decisionsF1
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13aWithdrawal of registrationF1
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14TribunalF1
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15Enforcement provisions relating to securitisation repositoriesF1
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16Supervisory feesF1
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17Availability of data held in a securitisation repositoryF1
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18Use of the designation ‘simple, transparent and standardised securitisation’F1
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19Simple, transparent and standardised securitisationF1
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20Requirements relating to simplicityF1
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21Requirements relating to standardisationF1
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22Requirements relating to transparencyF1
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23Simple, transparent and standardised ABCP securitisationF1
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24Transaction-level requirementsF1
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25Sponsor of an ABCP programmeF1
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26Programme-level requirementsF1
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27STS notification requirementsF1
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28Third party verifying STS complianceF1
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28ASTS equivalent non-UK securitisationsF1
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29Designation of competent authoritiesF1
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30Powers of the competent authoritiesF1
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31Macroprudential oversight of the securitisation marketF1
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32Administrative sanctions and remedial measuresF1
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33Exercise of the power to impose administrative sanctions and remedial measuresF1
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34Criminal sanctionsF1
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35Notification dutiesF1
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36Cooperation between competent authorities and the ESAsF1
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37Publication of administrative sanctionsF1
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38Amendment to Directive 2009/65/ECF1
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39Amendment to Directive 2009/138/ECF1
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40Amendment to Regulation (EC) No 1060/2009F1
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41Amendment to Directive 2011/61/EUF1
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42Amendment to Regulation (EU) No 648/2012F1
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43Transitional provisionsF1
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44ReportsF1
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45Synthetic securitisationsF1
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46ReviewF1
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47Exercise of the delegationF1
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48Entry into forceF1
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Signature
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