PART 6Amendment of the Liquidity Commission Delegated Regulation
Article 13 of the Liquidity Commission Delegated Regulation (level 2B securitisations)I155
1
Article 13 of the Liquidity Commission Delegated Regulation is amended as follows.
2
In paragraph 2, in point (g)—
a
in the opening words for “points (i) and (ii)” substitute “point (i);
b
in point (i) for the words from “the national law” to “EBA” substitute “
the loans were originated in the United Kingdom and the law of the United Kingdom provides for a loan-to-income limit on the amount that an obligor may borrow in a residential loan
”
;
c
omit point (ii);
d
in point (iii) for “a Member State” substitute “
the United Kingdom
”
;
e
in point (iv)—
i
for “a Member State” substitute “
the United Kingdom
”
;
ii
for the words from “agricultural” to “tracked” substitute “
tractors as defined in point (8) of Article 3 of Regulation (EU) No 167/2013 of the European Parliament and of the Council (as it had effect immediately before F1IP completion day), powered two-wheelers or powered tricycles as defined in points (68) and (69) of Article 3 of Regulation (EU) No 168/2013 of the European Parliament and of the Council (as it had effect immediately before F1IP completion day) or tracked
”
; and
f
in point (v) for “a Member State” substitute “
the United Kingdom
”
.
3
In paragraph 6 for “points (g)(i) and (ii)” substitute “
point (g)(i)
”
.
4
In paragraph 7 for “points (g)(i) and (ii)” substitute “
point (g)(i)
”
.
5
In paragraph 9 for “Union” substitute “
United Kingdom
”
.
6
In paragraph 13 at the end insert “
, as that Directive has effect immediately before F2IP completion day, provided that for the purposes of this paragraph the reference in point 4 of Annex 1 to that Directive to point (3) of Article 4 of Directive (EU) 2015/2366 is to be read as a reference to regulation 2 of the Payment Services Regulations 2017 M1
”
.
7
In paragraph 14, in point (a) for “(g)(i), (ii)” substitute “
(g)(i) and
”
.