Search within this legal act

Article 17 - Frequency of review

Article 17

Frequency of review

Institutions shall review their compliance with Article 406 of Regulation (EU) No 575/2013 after becoming exposed to a securitisation positions at least annually and more frequently, as soon as institutions become aware of a breach of the obligations included in the documentation relating to the securitisation or of a material change in any of the following:

(a) 

structural features that can materially impact on the performance of the securitisation position;

(b) 

the risk characteristics of the securitisation positions and of the underlying exposures.

In Force

Version from: 28/10/2015

Amendment History