Independent STS Verification Body
STS Verification International GmbH (SVI) is an STS verification body approved in accordance with Article 28 of the Securitisation Regulation*. The letter of approval from BaFin as the competent national supervisory authority dated 5 March 2019 was received by SVI on 7 March 2019. The scope of the authorisation includes the following asset classes for all countries of the European Union:
- Auto loans and Auto Leasing
- Consumer Loans
- Equipment Leasing
Further asset classes such as RMBS, ABCP etc., which can be verified by SVI, are planned for the future.
*‘REGULATION (EU) 2017/2402 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012’, as amended and hereinafter referred to as the ‘Securitisation Regulation'.