Regulation 3 Asset Pool
(1) Subject to paragraph (2), in these Regulations an "asset pool" comprises the following assets -
(a) sums derived from the issue of regulated covered bonds and lent to the owner in accordance with regulation 16;
(b) eligible property which is acquired by the owner using sums lent to it in accordance with regulation 22;
(c) eligible property transferred to the asset pool by the issuer or a connected person to enable the issuer or owner, as the case may be, to comply with -
(i) the requirements specified in regulation 17(2);
(ii) a direction of the Authority under regulation 30; or
(iii) an order of the court under regulation 33;