Version in force , Modified +56 −18§
Amended by Regulation (EU) 2021/557 32021R0557 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
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 (external, EUR-Lex) · Art. 19, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version 32017R2402 → this version, in force 9 April 2021 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.