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In force since 17/01/2018

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Level 2 legal acts in relation to Securitisation Regulation

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Procedure 2015/0226/COD

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Synchronised with EUR-Lex on 16/01/2025

SECR Tool Securitisation Regulation (SECR)

Securitisation Regulation (SECR)

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

CHAPTER 1 - GENERAL PROVISIONS (Article 1-4)Article 1 - Subject matter and scope Article 2 - Definitions Q&A Article 3 - Selling of securitisations to retail clients Article 4 - Requirements for SSPEs

CHAPTER 2 - PROVISIONS APPLICABLE TO ALL SECURITISATIONS (Article 5-9)Article 5 - Due-diligence requirements for institutional investors Q&A Article 6 - Risk retention RTSQ&A Article 7 - Transparency requirements for originators, sponsors and SSPEs ITSRTSQ&A Article 8 - Ban on resecuritisation Article 9 - Criteria for credit-granting Q&A

CHAPTER 3 - CONDITIONS AND PROCEDURES FOR REGISTRATION OF A SECURITISATION REPOSITORY (Article 10-17)Article 10 - Registration of a securitisation repository ITSRTSQ&AGL Article 11 - Notification and consultation with competent authorities prior to registration or extension of registration Article 12 - Examination of the application Article 13 - Notification of ESMA decisions relating to registration or extension of registration Q&A Article 14 - Powers of ESMA Article 15 - Withdrawal of registration Q&A Article 16 - Supervisory fees DA Article 17 - Availability of data held in a securitisation repository ITSRTSQ&A

CHAPTER 4 - SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION (Article 18-28)Article 18 - Use of the designation simple, transparent and standardised securitisation Q&A

SECTION 1 - Requirements for simple, transparent and standardised non-ABCP securitisation (Article 19-22)Article 19 - Simple, transparent and standardised securitisation GL Article 20 - Requirements relating to simplicity RTSQ&AGL Article 21 - Requirements relating to standardisation Q&AGL Article 22 - Requirements relating to transparency RTSQ&AGL

SECTION 2 - Requirements for simple, transparent and standardised ABCP securitisation (Article 23-26)Article 23 - Simple, transparent and standardised ABCP securitisation GL Article 24 - Transaction-level requirements RTSQ&AGL Article 25 - Sponsor of an ABCP programme Article 26 - Programme-level requirements GL

SECTION 3 - STS notification (Article 27-28)Article 27 - STS notification requirements ITSRTSQ&A Article 28 - Third party verifying STS compliance RTSQ&A

CHAPTER 5 - SUPERVISION (Article 29-37)Article 29 - Designation of competent authorities Q&A Article 30 - Powers of the competent authorities Article 31 - Macroprudential oversight of the securitisation market Article 32 - Administrative sanctions and remedial measures Article 33 - Exercise of the power to impose administrative sanctions and remedial measures Article 34 - Criminal sanctions Article 35 - Notification duties Article 36 - Cooperation between competent authorities and the ESAs RTS Article 37 - Publication of administrative sanctions

CHAPTER 6 - AMENDMENTS (Article 38-48)Article 38 - Amendment to Directive 2009/65/EC Article 39 - Amendment to Directive 2009/138/EC Article 40 - Amendment to Regulation (EC) No 1060/2009 Article 41 - Amendment to Directive 2011/61/EU Article 42 - Amendment to Regulation (EU) No 648/2012 Q&A Article 43 - Transitional provisions Q&A Article 44 - Reports Q&A Article 45 - Synthetic securitisations Article 46 - Review Article 47 - Exercise of the delegation Article 48 - Entry into force

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