Versions

 

PIB 4.14.16

If an Originator fails to comply with PIB Rule 4.14.15 in respect of a securitisation, it:

(a) must include all the underlying Exposures of the securitisation in its calculation of Credit RWAs as if those Exposures had not been Securitised and were on the balance sheet of the Authorised Firm;
(b) must not recognise any gain-on-sale of assets to the securitisation; and,
(c) must disclose to investors that the Authorised Firm has provided non contractual support and the regulatory capital impact of doing so.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]