Regulation 625/2014 | judict

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In force since 03/07/2014

Initial Legal Act

Legal basis:

Art. 410(2) Regulation 575/2013

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German

Updated 22/03/2023

CRR Tool Delegated Regulation 625/2014

Delegated Regulation 625/2014

Commission Delegated Regulation (EU) No 625/2014 of 13 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council by way of regulatory technical standards specifying the requirements for investor, sponsor, original lenders and originator institutions relating to exposures to transferred credit risk (Text with EEA relevance)

CHAPTER I - DEFINITIONS AND EXPOSURE TO THE RISK OF A SECURITISATION (Article 1)Article 1 - Definitions

CHAPTER II - EXPOSURE TO THE CREDIT RISK OF A SECURITISATION POSITION (Article 2)Article 2 - Particular cases of exposure to the credit risk of a securitisation position

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

CHAPTER IV - DUE DILIGENCE REQUIREMENTS FOR INSTITUTIONS BECOMING EXPOSED TO A SECURITISATION POSITION (Article 15-20)Article 15 - Outsourcing and other general considerations Article 16 - Specification of risk characteristics and structural features Article 17 - Frequency of review Article 18 - Stress Tests Article 19 - Exposures in the trading book and non-trading book Article 20 - Positions in the correlation trading portfolio

CHAPTER V - REQUIREMENTS FOR ORIGINATORS, SPONSORS AND ORIGINAL LENDERS (Article 21-23)Article 21 - Policies for credit granting Article 22 - Disclosure of the level of the commitment to maintain a net economic interest Article 23 - Disclosure of materially relevant data

CHAPTER VI - FINAL PROVISIONS (Article 24)Article 24 - Entry into force

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Regulation (EU) 575/2013 (CRR)Regulation (EU) 2021/451Regulation (EU) 2021/453Regulation (EU) 680/2014Regulation (EU) 2016/100

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