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Article 40 - Amendment to Regulation (EC) No 1060/2009
Regulation (EC) No 1060/2009 is amended as follows:
(1)
in recitals 22 and 41, in Article 8c and in point 1 of Part II of Section D of Annex I, ‘structured finance instrument’ is replaced by ‘securitisation instrument’;
(2)
in recitals 34 and 40, in Articles 8(4), 8c, 10(3) and 39(4) as well as in the fifth paragraph of point 2 of Section A of Annex I, point 5 of Section B of Annex I, the title and point 2 of Part II of Section D of Annex I, points 8, 24 and 45 of Part I of Annex III and point 8 of Part III of Annex III, ‘structured finance instruments’ is replaced by ‘securitisation instruments’;
(3)
in Article 1, the second subparagraph is replaced by the following:
‘This Regulation also lays down obligations for issuers and related third parties established in the Union regarding securitisation instruments.’
(4)
in Article 3(1), point (l) is replaced by the following: “securitisation instrument” means a financial instrument or other assets resulting from a securitisation transaction or scheme referred to in 2017 (Securitisation Regulation);’
(5)
Article 8b is deleted;
(6)
in point (b) of Article 4(3), point (b) of the second subparagraph of Article 5(6) and Article 25a, the reference to Article 8b is deleted.