Commission Delegated Regulation (EU) 2020/1224

In forceThis text since 3 Sept 2020law://eu/reg/2020/1224/art_10@2026-11-11

Contents

Article 10Information timeliness#

1.Where a securitisation is not an ABCP securitisation, the information made available pursuant to this Regulation shall not have a data cut-off date later than two calendar months prior to the submission date.

2.Where a securitisation is an ABCP securitisation:

(a)the information specified in Annex XI and in the ‘transaction information section’ in Annexes XIII and XV shall not have a data cut-off date later than two calendar months prior to the submission date;

(b)the information specified in all sections of Annexes XIII and XV other than the ‘transaction information section’ shall not have a data cut-off date later than one calendar month prior to the submission date.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Delegated regulation · Commission Delegated Regulation (EU) 2020/1224 · EEA relevant
Adopted: 16 Oct 2019
In force: 23 Sept 2020
Made by: Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission
Official: EUR-Lex 32020R1224 · ELI

Topics

banking capital market credit credit institution disclosure of information financial legislation financial market investment investment company technical standard Freedom of establishment Internal market - Principles

History · 1 version

3 Sept 2020Reading

Connections

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Cited by 3: Commission Delegated Regulation (EU) 2024/17003 provisions; Commission Implementing Regulation (EU) 2023/20832 provisions; Commission Delegated Regulation (EU) 2020/122912 provisions

Defined terms · 8

Show every defined term

active underlying exposure
means an underlying exposure which, at the data cut-off date, may be expected to generate cash inflows or outflows in the future;
data cut-off date
means the reference date of the information being reported in accordance with this Regulation;
debt service coverage ratio
means the annual rental income generated by commercial real estate that is wholly or partially financed by debt, net of taxes and net of any operational expenses to maintain the property’s value, relative to the annual combined interest and principal repayment on a borrower’s total debt over a given period on the loan secured by the property;
Floating
refers to a rate indexed to any of the following: LIBOR (any currency and tenor), EURIBOR (any currency and tenor), any central bank base rate (BoE, ECB, etc.), the originator’s standard variable rate, or any similar arrangement.
inactive underlying exposure
means an underlying exposure that has defaulted with no further recoveries expected or that has been redeemed, prepaid, cancelled, repurchased or substituted;
interest coverage ratio
means the gross annual rental income, before operational expenses and taxes, accruing from a buy-to-let property or the net annual rental income accruing from a commercial real estate property or set of properties relative to the annual interest cost of the loan secured by the property or set of properties.
No charge but an irrevocable power of attorney or similar
refers to when the originator or original lender, as applicable, is irrevocably and unconditionally authorised to unilaterally create a charge over the collateral at any time in the future, without the need for any further approval from the obligor or guarantor: Fixed charge (FXCH) Floating charge (FLCH) No charge (NOCG) No charge but an irrevocable power of attorney or similar (ATRN) Other (OTHR) NO YES CRPC8 Lien Highest lien position held by the originator in relation to the collateral.
reporting entity
means the entity designated in accordance with the first subparagraph of Article 7(2) of Regulation (EU) 2017/2402;