in force 2021-04-09 MODIFIED+32 −8§
Amended by Regulation (EU) 2021/557 32021R0557
applies from: unchanged
The list of criteria against which a third party may be authorised to assess STS compliance now also includes Articles 26a to 26e, alongside the previously referenced Articles 19 to 22 and 23 to 26.
The phrasing describing the third party changed from 'a third party referred to in Article 27(2)' to 'a third party as referred to in Article 27(2)'.
Cited: Art. 28, v2 · Art. 28, v1
text before / after
32017R2402 → 02017R2402-20210409
Article 28
Third party verifying STS compliance
1. A third party as referred to in Article 27(2) shall be authorised by the competent authority to assess the compliance of securitisations with the STS criteria provided for in Articles 19 to 22 or 22, Articles 23 to 26. 26, or Articles 26a to 26e. The competent authority shall grant the authorisation if the following conditions are met:
(a) the third party only charges non-discriminatory and cost-based fees to the originators, sponsors or SSPEs involved in the securitisations which the third party assesses without differentiating fees … 475 unchanged words … regulatory technical standards to the Commission by 18 July 2018.
The Commission is empowered to supplement this Regulation by adopting the regulatory technical standards referred to in this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.