Commission Delegated Regulation (EU) 2024/584 amending STS securitisation homogeneity standards

The European Commission amends Delegated Regulation (EU) 2019/1851 to update homogeneity criteria for underlying exposures in simple, transparent and standardised (STS) securitisations. The amendments align rules for on-balance-sheet securitisations with existing standards for ABCP and non-ABCP transactions, allowing originators to assess credit risk for auto loans, leases, and corporate credit card receivables using individual consumer methodologies. The regulation applies to securitisations issued on or after 6 March 2024, while existing contracts notified to ESMA before that date may continue using the STS designation under previous criteria.

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This document amends: Commission Delegated Regulation (EU) 2019/1851 of 28 May 2019 supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to regulatory technical standards on the homogeneity of the underlying exposures in securitisation (Text with EEA relevance)

Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works