SCHEDULE 2Amendments to other legislation and consequential amendments
Amendment to EMIRF11
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Amendment to the Capital Requirements RegulationI12
For Article 242(10)(b) (meaning of “simple, transparent and standardised securitisation” or “STS securitisation”) of the Capital Requirements Regulation64 substitute—
b
an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2024;
Amendment to the Solvency 2 Delegated RegulationI23
For Article 1(18b)(b) (meaning of “STS securitisation”) of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)65 substitute—
b
an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2024;
Amendment to the Money Market Funds RegulationI34
For Article 11(1)(d) of Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (eligible securitisations and ABCPs)66 substitute—
d
an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2024.