(1) Subject to paragraph (2), the FCA is designated as the competent authority responsible for -
(a) the supervision of compliance of persons engaged in the conduct of selling a securitisation position to a retail client located in the United Kingdom with obligations set out in Article 3 of the EU Securitisation Regulation 2017;
(b) the supervision of compliance of persons established in the United Kingdom with the obligations set out in Article 4 of the EU Securitisation Regulation 2017 when establishing SSPEs in a country or territory outside the United Kingdom;
(c) the supervision of compliance of originators, original lenders and SSPEs established in the United Kingdom , other than originators, original lenders and SSPEs to which Article 29(3A) of the EU Securitisation Regulation 2017 [Paragraph (3A) of Article 29 is substituted by regulation 28 of these Regulations.] applies, with the obligations set out in Articles 6, 7, 8 and 9 of the EU Securitisation Regulation 2017;