STS Criterion 28. Compliance with transparency requirements
From Open Risk Manual
Description
Compliance with transparency requirements [1]
Content
The originator should be responsible for compliance with Article 7 of the Securitisation Regulation. The information required by point (a) of the first subparagraph of Article 7(1) should be made available to potential investors before pricing upon request. The information required by points (b) to (d) of the first subparagraph of Article 7(1) should be made available before pricing at least in draft or initial form. The final documentation should be made available to investors at the latest 15 days after closing of the transaction.
Rationale
See overarching rationale for consistency with traditional qualifying framework.
Issues and Challenges
References
- ↑ EBA STS Framework for Synthetic Securitisation, EBA/DP/2019/01