Schedule 2, Part 3 Amendments to the EU Securitisation Regulation (paras. 31-43)

Section 2

Introductory

31 Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 ("the EU Securitisation Regulation 2017") is amended in accordance with this Part of this Schedule.

STS equivalent non-UK securitisations

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(1) Article 2 (definitions) is amended as follows.

(2) Omit point (A8) (definition of "third country").

(3) Before point (1) insert -

"(A9) 'STS equivalent non-UK securitisation' means a securitisation of a description in relation to which a country or territory outside the United Kingdom is designated by regulations under Article 28A;

(A10) 'territory' includes the European Union and any other international organisation or authority comprising countries or territories;".

(4)

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