A new German consolidated version of Commission Delegated Regulation (EU) 2023/2175 as regards European standards for the risk retention requirement for securitizations was published in the Official Journal (OJ) of the EU.
The new consolidated version includes the modifications of a prior corrigendum which made numerous corrections to the original German version of the Delegated Regulation relating to nearly all provisions outlined in the original legislation, including the fulfillment of the retention requirement through a synthetic or contingent form of retention, the application of the retention options on traditional NPE securitizations, or the measurement of the level of retention, to name a few. Please see EventID 23837 in this context for more detailed, comprehensive information on the corrections.
Delegierte Verordnung (EU) 2023/2175 zur näheren Präzisierung der Anforderungen an Originatoren, Sponsoren, ursprüngliche Kreditgeber und Forderungsverwalter in Bezug auf den Risikoselbstbehalt (Text von Bedeutung für den EWR).
ID
26499
Other Features
AIF
banks
CMU
compliance
credit
fees
hedging
insolvency
insurance
investment firms
investors
margin
regulatory
risk
securitisation
shareholders
standard
Date Published: 2023-12-22
Date Taking Effect: 2023-10-18
Regulatory Framework: Securitisation Regulation (SECR)
Regulatory Type: information
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