PART 8Monitoring, disciplinary measures and procedures

Interpretation of Part 835.

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,

(c)

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.