Art. 506b · NPE securitisations

Version in force 28 June 2021, Inserted +657 −0§

Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (an inserted provision states its own application date only in prose) why

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

This is a newly inserted article requiring EBA to monitor the application of Article 269a and evaluate the regulatory capital treatment of NPE securitisations, and to submit a report on its findings to the Commission by 10 October 2022.

It also requires the Commission, by 10 April 2023 and based on that EBA report, to submit its own report to the European Parliament and the Council on the application of Article 269a, accompanied where appropriate by a legislative proposal.

Cited: Art. 506b, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 506b
NPE securitisations
1. EBA shall monitor the application of Article 269a and shall evaluate the regulatory capital treatment of NPE securitisations having regard to the state of the market for NPEs in general and the state of NPE securitisation market in particular, and submit a report on its findings to the Commission by 10 October 2022.
2. By 10 April 2023, the Commission shall, on the basis of the report referred to in paragraph 1 of this Article, submit a report to the European Parliament and to the Council on the application of Article 269a. The Commission’s report shall, where appropriate, be accompanied by a legislative proposal.