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Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 [SI 2014 No. 2080]Introductory TextPart 1 General (arts. 1-3)Article 1 Citation, commencement and interpretationArticle 2 Relevant financial institutionArticle 3 Securitisation companies and structured finance vehicles: definitionsPart 2 Excluded activities and exceptions (arts. 4-12)Article 4 Excluded activities: dealing in investments as principalArticle 5 Excluded activities: commodities tradingArticle 6 Excluded activities: general exceptionsArticle 7 Excluded activities: securitisation and covered bondsArticle 7A Excluded activities: SME exceptionArticle 8 Excluded activities: central bank exemptionArticle 9 Excluded activities: derivativesArticle 10 Derivatives: forward contracts and swapsArticle 11 Derivatives: options and swaptionsArticle 12 Derivatives: general conditionsPart 3 Prohibitions and exceptions (arts. 13-21)Article 13 Prohibitions: inter-bank payment systemsArticle 14 Prohibitions: financial institution exposuresArticle 15 Financial institutions exposures: trade financeArticle 16 Financial institutions exposure: securitisation and covered bondsArticle 17 Financial institution exposures: conduit lendingArticle 18 Financial institution exposures: repo transactionsArticle 19 Financial institution exposures: ancillary exposuresArticle 19A Financial institution exposures: financing of infrastructure projectsArticle 19B Financial institution exposures: changes in status of counterpartiesArticle 19C Financial institution exposures: small exposuresArticle 20 Prohibitions: Non-UK and non-EEA branches and subsidiariesArticle 21 Transitional provisionScheduleSignatureExplanatory NoteExplanatory Memorandum
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2016 - 3 February 2025
Version 3 of 4

Article 3 Securitisation companies and structured finance vehicles: definitions

(1) In this Order -

(a) "securitisation undertaking" means - (i) an asset holding company, (ii) a commercial paper funded company, (iii) an intermediate borrowing company, (iv) a note-issuing company, or (v) a warehouse company; and

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