in force 2021-04-09 INSERTED+507 −0§
Amended by Regulation (EU) 2021/557 32021R0557
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.
This is a new article establishing that synthetic securitisations meeting the requirements of Articles 26b to 26e are to be considered STS on-balance-sheet securitisations.
It also provides that EBA, working closely with ESMA and EIOPA, may adopt guidelines and recommendations under Article 16 of Regulation (EU) No 1093/2010 on the harmonised interpretation and application of those requirements.
Cited: Art. 26a, v2
text before / after
inserted text (02017R2402-20210409)
Article 26a Simple, transparent and standardised on-balance-sheet securitisations 1. Synthetic securitisations that meet the requirements set out in Articles 26b to 26e shall be considered to be STS on-balance-sheet securitisations. 2. EBA, in close cooperation with ESMA and EIOPA, may 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 26b to 26e of this Regulation.