RegAlert2026-07-29
Added
Recommendation 9/2026 (July 29) of the Magyar Nemzeti Bank on requirements for simple, transparent and standardised securitisation not qualifying as ABCP
The Magyar Nemzeti Bank establishes supervisory expectations and good practices for securitisations not qualifying as Asset-Backed Commercial Paper (ABCP) to ensure compliance with the Simple, Transparent and Standardised (STS) criteria under EU Regulation 2017/2402. The document specifies requirements for genuine sale, active portfolio management, homogeneity of underlying exposures, lending criteria, and the expertise of originators. It applies to special purpose entities, institutional investors, originators, sponsors, original lenders, and third parties verifying STS compliance.
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Recommendation 9/2026 (July 29) of the Magyar Nemzeti Bank
on requirements for simple, transparent and standardised securitisation not qualifying as ABCP
I. Purpose and Scope of the Recommendation
The purpose of this Recommendation is to formulate the expectations of the Magyar Nemzeti Bank (hereinafter: MNB) regarding the requirements for a securitisation not qualifying as an Asset-Backed Commercial Paper (ABCP) issuance program or a securitisation within such a program (hereinafter: securitisation not qualifying as ABCP) to be considered a simple, transparent and standardised securitisation, thereby increasing the predictability of legal application and facilitating the uniform application of relevant legislation.
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Source: Magyar Nemzeti Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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