Independent STS third party verifier
STS Verification International GmbH (SVI) is a STS third party verifier licensed since 7 March 2019 in accordance with Article 28 of the Securitisation Regulation*. In a first step, BaFin's approval covered the asset classes car loans and car leasing, consumer loans and equipment leasing as well as the ABS transaction type.
As of 11 July 2019, BaFin has now expanded the approval. SVI is thus an approved STS third party verifier for all asset classes for all countries of the European Union for the transaction types ABS and ABCP.
*‘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'.