6
Repackaged Loans
6.1
A firm must ensure that the requirements set out in the Solvency II Regulations, that need to be met by undertakings that repackage loans into tradable securities and other financial instruments in order for a firm to be allowed to invest in such securities or instruments, are met in respect of securities or instruments held by the firm that were:
- (1) issued after 1 January 2011; or
- (2) issued before 1 January 2011 where new underlying exposures were added or substituted after 31 December 2014.
[Note: Art. 135(2)(a) and Art. 308b (11) of the Solvency II Directive]
- 01/01/2016