Portuguese ABS framework updated
A new regulation has been introduced in Portugal providing for the execution of regulation 2017/2402 of the European Parliament and of the Council, which lays down a general framework for securitisation. It also creates a specific framework for STS securitisation. Along with modifications to the Portuguese Legal Framework, the new regulation impacts: the definition of securitisation, securitisation types - including synthetic and STS/non-STS securitisations - transferability of underlying exposures, real estate holdings, early redemption, sanctions and supervision requirements.
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