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The Securitisation Regulations 2024

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Changes over time for: Section 35

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There are currently no known outstanding effects for the The Securitisation Regulations 2024, Section 35. Help about Changes to Legislation

Interpretation of Part 8U.K.

This section has no associated Explanatory Memorandum

35.  In this Part—

regulated person” means a person who is not an authorised person and is—

(a)

an original lender,

(b)

an originator,

(c)

a person engaged in the activity specified in regulation 4(1)(b),

(d)

a sponsor,

(e)

an SSPE,

(f)

a third party verifier, or

(g)

a securitisation repository;

a regulator” means the FCA or the PRA;

relevant requirement” means a requirement imposed—

(a)

by designated activity rules made by virtue of regulation 5,

(b)

by a direction under section 71O of FSMA 2000 given by virtue of regulation 6,

(ba)

[F1by regulation 8A (restriction on establishment of an SSPE),]

(d)

by or under Part 4 (simple, transparent and standardised securitisations), Part 5 (securitisation repositories) or Part 6 (registration of third party verifying STS compliance),

(e)

by regulation 38 in a case where the temporary prohibition was imposed by the FCA, or

(f)

by the FCA under any other provision of these Regulations or under a provision of FSMA 2000 applied by these Regulations.

Textual Amendments

Commencement Information

I1Reg. 35 in force at 30.1.2024 for specified purposes and 1.11.2024 (the main commencement day) in so far as not already in force, see reg. 2(1)(e)(2)

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