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The Regulated Covered Bonds Regulations 2008
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- UK Statutory Instruments
- 2008 No. 346
- PART 5
- Regulation 21
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The Regulated Covered Bonds Regulations 2008, Section 21 is up to date with all changes known to be in force on or before 28 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 21:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
ProhibitionU.K.
This section has no associated Explanatory Memorandum
21.—(1) A person may not be an owner unless it—
(a)is a company or limited liability partnership; and
(b)has its registered office and centre of main interests in the United Kingdom.
(2) Regulation 15(3) applies to a contravention of the prohibition in paragraph (1) as it applies to a contravention of the prohibition in regulation 15(1) or (2).
[F1(3) In paragraph (1)—
“company” has the meaning given by section 735 of the Companies Act 1985 (“company” etc) and article 3 of the Companies (Northern Ireland) Order 1986 (“company” etc) until the coming into force of section 1 of the 2006 Act (companies) when it will have the meaning given by that section;
“limited liability partnership” has the meaning given —
(a)
in relation to Great Britain, by section 1 of the Limited Liability Partnerships Act 2000 (limited liability partnerships); and
(b)
in relation to Northern Ireland, by section 1 of the Limited Liability Partnerships Act (Northern Ireland) 2002 (limited liability partnerships) until the coming into force of section 1286 of the 2006 Act (extension of GB enactments relating to certain other forms of business organisation), when it will have the meaning given by section 1 of the Limited Liability Partnerships Act 2000.]
Textual Amendments
F1Reg. 21(3) substituted (22.7.2008) by The Regulated Covered Bonds (Amendment) Regulations 2008 (S.I. 2008/1714), regs. 1, 2(3)
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