in force 2021-04-09 MODIFIED+16 −12§
Amended by Regulation (EU) 2021/557 32021R0557
applies from: unchanged
Point (a) now refers to the requirements set out in Section 1, 2 or 2a of the Chapter, whereas it previously referred only to Section 1 or Section 2.
Cited: Art. 18, v1 · Art. 18, v2
text before / after
32017R2402 → 02017R2402-20210409
Article 18
Use of the designation simple, transparent and standardised securitisation
Originators, sponsors and SSPEs may use the designation STS or simple, transparent and standardised, or a designation that refers directly or indirectly to those terms for their securitisation, only where:
(a) the securitisation meets all the requirements of set out in Section 1 1, 2 or Section 2 2a of this Chapter, and ESMA has been notified pursuant to Article 27(1); and
(b) the securitisation is included in the list referred to in Article 27(5).
The originator, sponsor and SSPE involved in a securitisation considered STS shall be established in the Union.