Examples of STS Regulation in a sentence
The STS Regulation also aims to create common foundation criteria for identifying “STS securitisations”.
The language must contain the exact same words or words with clearly the same meaning as those set out in the STS Regulation.
Legal date of transmission from MS to Eurostat: 1 month and 10 calendar days; for countries below a certain threshold, the STS Regulation grants an additional 15 days.
At this time, the extent to which such proposals will be reflected in the final STS Regulation or an amended version of EMIR and the timeline of any applicable changes remain unclear.
No assurance can be given that the Securitisation will be designated as an “STS securitisation” under the STS Regulation at any point in the future.Prospective investors should therefore make themselves aware of the changes and requirements described above (and any corresponding implementing rules of their regulator), where applicable to them, in addition to any other applicable regulatory requirements with respect to their investment in the Notes.
Legal date of transmission from MS to Eurostat: 1 month and 5 calendar days; for countries below a certain threshold, the STS Regulation grants an additional 15 days.
The STS Regulation includes grandfathering provisions which broadly intend transactions entered into before 1 January 2019 to be out of scope of the STS Regulation.
Legal date of transmission from MS to Eurostat: 1 month and 15 calendar days; for countries below a certain threshold, the STS Regulation grants an additional 15 days.
The provisions of the STS Regulation will become effective from 1 January 2019 (subject to certain transitional provisions) and technical standards which are expected to provide more granular guidance on the application of the provisions of the STS Regulation are currently in the process of being produced.
Two new regulations related to securitisation came into force on 17 January 2018 which contain, amongst other things, provisions intended to implement the revised securitisation framework developed by BCBS and provisions intended to harmonise and replace the risk retention and due diligence requirements (including the corresponding guidance provided through technical standards) applicable to certain EU regulated investors, the latter such provisions being covered by the STS Regulation.