Art. 270b · Use of credit assessments by ECAIs

Version in force 1 January 2019, Inserted +307 −0§

Amended by Regulation (EU) 2017/2401 32017R2401 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)

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Found in the text, but not every source lists it — the text comparison found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. Both are shown; neither is overruled.

Explanation, written by a model and checked against the cited text

This provision is new, adding Article 270b to set out that institutions may only use credit assessments to determine the risk weight of a securitisation position where the credit assessment has been issued or endorsed by an ECAI in accordance with Regulation (EC) No 1060/2009.

Cited: Art. 270b, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 270b
Use of credit assessments by ECAIs
Institutions may use only credit assessments to determine the risk weight of a securitisation position in accordance with this Chapter where the credit assessment has been issued or has been endorsed by an ECAI in accordance with Regulation (EC) No 1060/2009.