Amendments to the EU Securitisation Regulation – the new synthetic STS framework and adjustments in relation to non-performing exposures

Two regulations amending the EU Securitisation Regulation and the Capital Requirements Regulation (the "CRR") respectively have now come into force. Regulation (EU) 2021/557 of the European Parliament and of the Council (the "SR Amendment Regulation") and Regulation (EU) 2021/558 of the European Parliament and of the Council (the "CRR Amendment Regulation", and together, the "Amendment Regulations"), were published on 6 April 2021 in the Official Journal and came into force on 9 April 2021.