(1) In these Regulations -

"ABCP programme" means a programme of securitisations the securities issued by which predominantly take the form of asset-backed commercial paper with an original maturity of one year or less;

"ABCP transaction" means a securitisation within an ABCP programme;

"authorised person" has the meaning given in section 31(2) of FSMA 2000;

"the Capital Requirements Regulation" means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 [EUR 2013/575.];

"credit institution" means an undertaking the business of which is to take deposits or other repayable funds from the public and to grant credits for its own account;

"designated activity rules" means rules made under section 71N of FSMA 2000 [Section 71N was inserted by section 8 of the Financial Services and Markets Act 2023.];