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PIB 4.14.19

(1) An Authorised Firm meeting the conditions in PIB Rule 4.14.18 must still hold regulatory capital against any securitisation Exposures it retains.
(2) The Authorised Firm may recognise the effects of Credit Risk mitigation of eligible financial Collateral pledged by any SPE, but it may not recognise any SPE which is an Issuer of securitisation Exposures as an eligible protection provider.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]