Updated 23/11/2024
No longer in force since 06/11/2023

Version from: 28/10/2015
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Article 6 - Retention option (b): retention of the originator's interest for revolving exposures

Article 6

Retention option (b): retention of the originator's interest for revolving exposures

A retention as referred to in point (b) of Article 405(1) of Regulation (EU) No 575/2013 may be achieved by retaining at least 5 % of the nominal value of each of the securitised exposures, provided that the retained credit risk of such exposures ranks pari passu with or is subordinated to the credit risk securitised for the same exposures.