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🔗 Back to Summary. 🇫🇷 French Version: 2017R2402_FR.18. Open the PDF. Direct link to EUR-LEX.
Article 17 – Availability of data held in a securitisation repository ⬅️ | ➡️ Article 19 – Simple, transparent and standardised non-ABCP traditional securitisation
Article 18 - Use of the designation ‘simple, transparent and standardised securitisation’
Originators, sponsors and SSPEs may use the designation ‘STS’ or ‘simple, transparent and standardised’, or a designation that refers directly or indirectly to those terms for their securitisation, only where:
(a)
the securitisation meets all the requirements set out in Section 1, 2 or 2a of this Chapter, and ESMA has been notified pursuant to Article 27(1); and
(b)
the securitisation is included in the list referred to in Article 27(5).
The originator, sponsor and SSPE involved in a securitisation considered STS shall be established in the Union.