in force 2021-06-28 INSERTED+468 −0§
Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 494c is added, allowing an originator institution to calculate risk-weighted exposure amounts of a senior securitisation position under Article 260, 262 or 264 instead of Article 270, subject to two conditions concerning issuance before 9 April 2021 and conformity with Article 270 as it applied on 8 April 2021.
Cited: Art. 494c, v2
text before / after
inserted text (02013R0575-20210629)
Article 494c Grandfathering of senior securitisation positions By way of derogation from Article 270, an originator institution may calculate the risk-weighted exposure amounts of a senior securitisation position in accordance with Article 260, 262 or 264 where both the following conditions are met: (a) the securitisation was issued before 9 April 2021; (b) the securitisation met, on 8 April 2021, the conditions laid down in Article 270 as applicable at that date.