Retained EU Law SI 2018/990 United Kingdom

Commission Delegated Regulation (EU) 2018/990 of 10 April 2018 amending and supplementing Regulation (EU) 2017/1131 of the European Parliament and of the Council with regard to simple, transparent and standardised (STS) securitisations and asset-backed commercial papers (ABCPs), requirements for assets received as part of reverse repurchase agreements and credit quality assessment methodologies (Text with EEA relevance)

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person6 Employer1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art002 Quantitative and qualitative liquidity requirements for the assets referred to in Article 15(6) of Regulation (EU) 2017/1131 Regulated
  • Manage reverse repo agreements and collateral with proper haircuts and policyAny Person
s.art003 Criteria for validating the internal credit quality assessment methodologies referred to in Article 19(3) of Regulation (EU) 2017/1131 Regulated
  • Validate and maintain internal credit quality assessment methodologiesEmployer
s.art004 Criteria for quantifying credit risk, and the relative risk of default of the issuer and of the instrument, as referred to in Article 20(2)(a) of Regulation (EU) 2017/1131 Regulated
  • Use specified criteria to quantify credit risk of investmentsAny Person
s.art005 Criteria for establishing qualitative indicators in relation to the issuer of the instrument, referred to in Article 20(2)(b) of Regulation (EU) 2017/1131 Regulated
  • Establish qualitative indicators for issuer creditworthiness using specified criteriaAny Person
s.art006 Criteria for establishing qualitative credit risk indicators in realtion to the issuer of the instrument, as referred to in Article 20(2)(b) of Regulation (EU) 2017/1131 Regulated
  • Assess qualitative credit risk indicators for instrument issuersAny Person
s.art008 Material change as referred to in Article 19(4)(d) of Regulation (EU) 2017/1131 Regulated
  • Assess material changes in MMF investments and manage credit rating downgradesAny Person
s.art009 Quantitative and qualitative credit quality requirements for assets referred to in Article 15(6)(a) of Regulation (EU) 2017/1131 Regulated
  • Follow strict credit quality rules for certain MMF assetsAny Person
3 other provisions — procedural and definitional
s.art001 Amendment to Regulation (EU) 2017/1131
s.art007 Overrides
s.art010 This Regulation shall enter into force on the twentieth day...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.