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Financial Services and Markets Act 2023

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STS equivalent non-UK securitisationsU.K.

This section has no associated Explanatory Notes

32(1)Article 2 (definitions) is amended as follows.

(2)Omit point (A8) (definition of “third country”).

(3)Before point (1) insert—

(A9)‘STS equivalent non-UK securitisation’ means a securitisation of a description in relation to which a country or territory outside the United Kingdom is designated by regulations under Article 28A;

(A10)‘territory’ includes the European Union and any other international organisation or authority comprising countries or territories;.

(4)In point (5) (definition of “sponsor”), for “third country” substitute “country or territory outside the United Kingdom”.

Commencement Information

I1Sch. 2 para. 32 not in force at Royal Assent, see s. 86(3)

I2Sch. 2 para. 32 in force at 29.8.2023 by S.I. 2023/779, reg. 4(zz)(iii)

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