Outstanding STSs on-balance-sheet securitisations featuring non-sequential priority of payments
Article 6
For STS on-balance-sheet securitisations that feature non-sequential priority of payments and performance-related triggers in accordance with Article 26c(5), third subparagraph, of Regulation (EU) 2017/2402, and that were notified to the European Securities and Markets Authority in accordance with Article 27(1) of that Regulation before 11 April 2024, originators and SSPEs may, without complying with the requirements laid down in Articles 1 to 5 of this Regulation, continue to use the designation ‘STS’ or ‘simple, transparent and standardised’ or a designation that refers directly or indirectly to those terms, provided that those securitisations comply with Article 18 of that Regulation.