Article 32 › 1

An institution shall exclude from any element of own funds any increase in its equity under the applicable accounting framework that results from securitised assets, including the following: (a) such an increase associated with future margin income that results in a gain on sale for the institution; (b) where the institution is the originator of a securitisation, net gains that arise from the capitalisation of future income from the securitised assets that provide credit enhancement to positions in the securitisation.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04