Updated 05/02/2025
In force

Initial Legal Act
Amendments
There is currently no Level 2 legal act based on or specifying Article 23.
EBA/GL/2018/08 - Related Material
EBA/CP/2018/04
Published: 20/04/2018
Art. 23(3)
EBA/GL/2018/08
Published: 12/12/2018
Art. 23(3)
EBA/GL/2018/08
Published: 12/12/2018
Art. 23(3)
JC/2021/31
Published: 17/05/2021
Art. 23
Search within this legal act
SECR ToolSecuritisation Regulation (SECR)
Article 23

Article 23 - Regulation 2017/2402 (Securitisation Regulation)

Article 23

Simple, transparent and standardised ABCP securitisation

1.   An ABCP transaction shall be considered STS where it complies with the transaction-level requirements provided for in Article 24.

2.   An ABCP programme shall be considered STS where it complies with the requirements provided for in Article 26 and the sponsor of the ABCP programme complies with the requirements provided for in Article 25.

For the purpose of this Section, a ‘seller’ means ‘originator’ or ‘original lender’.

3.   By 18 October 2018, the EBA, in close cooperation with ESMA and EIOPA, shall adopt, in accordance with Article 16 of Regulation (EU) No 1093/2010, guidelines and recommendations on the harmonised interpretation and application of the requirements set out in Articles 24 and 26 of this Regulation.