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

  1. EBA STS Framework for Synthetic Securitisation, EBA/DP/2019/01