Transitional provision in respect of Article 6(1) and (4) of Regulation (EU) 2017/2402U.K.
35.—(1) This regulation applies to securitisations the securities of which were issued or the initial securitisation positions of which were created before 1 January 2022.
(2) If the requirements set out in Article 6(1) of Regulation (EU) 2017/2402(1) were met in the manner specified in Article 6(4) of that Regulation before 1 January 2022, and were it not for the prudential regulation changes, the requirements set out in Article 6(1) of Regulation (EU) 2017/2402 would continue to be met in the manner specified in Article 6(4) of that Regulation in respect of such a securitisation after 1 January 2022, then the requirements set out in Article 6(1) of that Regulation are deemed to be met in respect of that securitisation.
Commencement Information
I1Reg. 35 in force at 1.1.2022, see reg. 1(3)
EUR 2017/2402; Article 6 was amended by S.I. 2019/660 and is amended by regulation 30 of this instrument.