Regulatory Alerts2017-12-21
Instruction No. 2017-I-23 of December 21, 2017, on the notification of transactions concluded in connection with a securitization or a securitization position
The Prudential Control and Resolution Authority (ACPR) mandates that credit institutions, financing companies, and investment firms notify it of any transactions related to securitizations or securitization positions concluded after the transaction's closing. These notifications, required within fifteen working days, must include detailed economic justifications and evidence demonstrating that the operations do not constitute implicit support or exceed contractual obligations. The reporting requirements distinguish between originators and sponsors, requiring specific data on market values, risk transfer integrity, and liquidity impacts to ensure compliance with EU Regulation 575/2013.
Share