The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) published Circular No. 4/2019 (BA) in which it adopts in its administrative practice the EBA GL on the criteria for simple, transparent and standardised (STS) securitisations under Articles 24 and 26 of Regulation (EU) No 2017/2402 for asset-backed commercial paper (ABCP) securitisations (EBA/GL/2018/08) and the STS criteria under Articles 20 to 22 of Regulation (EU) No 2017/2402 for non-ABCP securitisations (EBA/GL/2018/09).
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