in force 2021-04-09 MODIFIED+56 −18§
Amended by Regulation (EU) 2021/557 32021R0557
applies from: unchanged
The article heading changed from referring generally to 'simple, transparent and standardised securitisation' to specifically 'simple, transparent and standardised non-ABCP traditional securitisation'.
Paragraph 1 now refers to 'traditional securitisations' meeting the requirements, rather than 'securitisations' in general, while still excluding ABCP programmes and ABCP transactions and still referring to Articles 20, 21 and 22.
Cited: Art. 19, v1 · Art. 19, v2
text before / after
32017R2402 → 02017R2402-20210409
Article 19
Simple, transparent and standardised non-ABCP traditional securitisation
1. Securitisations, Traditional securitisations, except for ABCP programmes and ABCP transactions, that meet the requirements set out in Articles 20, 21 and 22 22, shall be considered to be STS.
2. By 18 October 2018, the EBA, in close cooperation with ESMA and EIOPA, shall adopt, in accordance with Article 16 of Regulation (EU) No 1093/2010, guidelines and recommendations on the harmonised interpretation and application of the requirements set out in Articles 20, 21 and 22.