Brussels, 21 February 2017
WK 1947/2017 INIT
LIMITE
EF
ECOFIN
SURE
WORKING PAPER
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WORKING DOCUMENT
From:
Presidency
To:
Working Party on Financial Services (Securitisation)
Subject:
Agenda - Meeting of the Council Working Party on Financial Services
(Securitisation)
27 February 2017 (09:30)
WK 1947/2017 INIT
LIMITE
EN
WORKI NG DOCUMENT #4
Securit isation
Working Party on Financial Services
From: Presidency
Agenda
Meeting of the Council Working Party on Financial Services
(Securitisation) 27 February 2017 (09:30)
1. Introduction
STS Regulation
Delegations will be invited to comment on the following provisions:
2. Article 5r: Ban on re-securitisation (Lines 371-377) - Flash note
Delegations will be invited to comment on the compromise proposal suggested in
the political trilogue, i.e. introducing a ban on re-securitisation only for future
securitisations
3. Article 15: Designation of competent authorities (Lines 556-558)
Article 16: Powers of the competent authorities (Lines 562 – 564, Lines 566-571)
Article 21: Cooperation between competent authorities and the European
Supervisory Authorities (Lines 635 – 643)
4. Article 17: Administrative sanctions and remedial measures (Lines 588, 591-596,
598-599, 602-609)
Delegations will be invited to comment on the EP non-papers concerning the following
provisions:
5. Article 4: Risk Retention - EP non-paper
6. Article 5 and Article 5a – 5q EP; Article 22a to 22e EP: Transparency requirements -
EP non-paper
7. Outcome of technical work –
4-column table.
Delegations will be invited to raise any serious concerns on the technical compromises in
the STS Regulation
WORKI NG DOCUMENT #4
Securit isation
Working Party on Financial Services
From: Presidency
CRR Amendment Regulation
8. Article 248: Exposure value – calculations (Lines 171 - 180)
9. Article 249: Recognition of credit risk mitigation for securitisation positions (Lines
197, 200, 206, 209)
10. Outcome of technical work –
4-column table.
Delegations will be invited to raise any serious concerns on the technical compromises in
the CRR Amendment Regulation
11. Next steps
12. AOB