Regulatory Alerts2019-05-15
Implementation of EBA Guidelines on STS Criteria for Non-ABCP and ABCP Securitisation
The Commission de Surveillance du Secteur Financier (CSSF) issues this circular to implement the European Banking Authority’s guidelines on Simple, Transparent, and Standardised (STS) criteria for both non-ABCP and ABCP securitisation. It establishes the specific national requirements and verification procedures that credit institutions and investment firms must follow to qualify securitisation transactions for the STS regulatory treatment. The document incorporates amendments introduced by Circular CSSF 24/868 to align the framework with updated regulatory standards and ensure consistent application across the Luxembourg financial sector.
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