Commission Delegated Regulation (EU) 2015/1798 of 2 July 2015 correcting Delegated Regulation (EU) No 625/2014 supplementing Regulation (EU) No 575/2013
as it stood on 2015-07-02, permalink: /eu-eurlex/32015r1798/2015-07-02--f39999fd4a4cf35e5da456b69d4f4d2c2a9b2857087aaea95b536a027c43a8c6
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art_1
#art_1
Article 1
Delegated Regulation (EU) No 625/2014 is corrected as follows:
| (1) | in the title the word ‘lenders’ is replaced by the word ‘lender’; |
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| (2) | in Article 1(c) the words ‘letter of credits’ are replaced by the words ‘letters of credit’; |
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| (3) | Article 15(1) is replaced by the following:‘1. Where there is no available information on the specific exposures to be securitised, including where exposures accumulate before their securitisation or where they may be substituted into an existing revolving securitisation, an institution is deemed to fulfil its due diligence obligations referred to in Article 406 of Regulation (EU) No 575/2013, for each of its individual securitisation positions, on the basis of the relevant eligibility criteria for such exposures.’; |
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| (4) | in Article 16(3) the words ‘letter of credits’ are replaced by the words ‘letters of credit’; |
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| (5) | Article 22(1)(b) is replaced by the following:‘(b)which of the modalities provided for in points (a), (b), (c), (d) or (e) of the second subparagraph of Article 405(1) of Regulation (EU) No 575/2013 has been applied to retain a net economic interest;’; |
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| ‘(b) | which of the modalities provided for in points (a), (b), (c), (d) or (e) of the second subparagraph of Article 405(1) of Regulation (EU) No 575/2013 has been applied to retain a net economic interest;’; |
| (6) | Article 23(2) is corrected as follows:(a)point (b) is replaced by the following:‘(b)following a breach of the obligations included in the documentation relating to the securitisation.’;(b)point (c) is replaced by the following new paragraph 2a:‘2a. Materially relevant data on the individual underlying exposures shall, in general, be provided on a loan-by-loan basis; however in certain instances the data provided on an aggregate basis may be sufficient. In assessing whether data provided on an aggregate basis is sufficient, factors to be taken into account shall include the granularity of the underlying pool and whether the management of the exposures in that pool is based on the pool itself or on a loan-by-loan basis.’. |
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| (a) | point (b) is replaced by the following:‘(b)following a breach of the obligations included in the documentation relating to the securitisation.’; |
| ‘(b) | following a breach of the obligations included in the documentation relating to the securitisation.’; |
| (b) | point (c) is replaced by the following new paragraph 2a:‘2a. Materially relevant data on the individual underlying exposures shall, in general, be provided on a loan-by-loan basis; however in certain instances the data provided on an aggregate basis may be sufficient. In assessing whether data provided on an aggregate basis is sufficient, factors to be taken into account shall include the granularity of the underlying pool and whether the management of the exposures in that pool is based on the pool itself or on a loan-by-loan basis.’. |
art_2
#art_2
Article 2
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Provenance and validity dates, identifier, hash
| as of | 2015-07-02 → this publisher state was selected |
| publisher state | publisher version 2015-07-02 → latest held publisher-asserted |
| type | REG_DEL Commission Delegated Regulation (EU) 2015/1798 of 2 July 2015 correcting Delegated Regulation (EU) No 625/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council by way of regulatory technical standards specifying the requirements for investor, sponsor, original lenders and originator institutions relating to exposures to transferred credit risk (Text with EEA relevance) |
| language | en |
| published | 2015-07-02 |
| lex_id | eu-eurlex:32015r1798:2015-07-02--f39999fd4a4cf35e5da456b69d4f4d2c2a9b2857087aaea95b536a027c43a8c6 |
| record sha256 | 0a8854f499586b80b08af774c337d2bcd11449bc490933b2e7a553c3d172d3ca |
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