# The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014, Article 7: Excluded activities: securitisation and covered bonds


(1) A ring-fenced body does not carry on an excluded activity by selling investments to or buying investments from a sponsored structured finance vehicle of the ring-fenced body, or from a conduit vehicle of the ring-fenced body.
(2) A ring-fenced body does not carry on an excluded activity by acquiring any instrument creating or acknowledging indebtedness issued by one or more of its sponsored structured finance vehicles.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111117101/article/7 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.