# The Securitisation (Amendment) Regulations 2024, Paragraph 12: EMIR


(1) Article 4 (clearing obligation) is amended as follows.
(2) In paragraph 5—
(a) for “within the meaning of Regulation (EU) 2017/2402 of the European Parliament and of the Council” substitute “as defined in regulation 3(1) of the Securitisation Regulations 2024”;
(b) in point (a), for the words from “that meet” to the end substitute
“of one or more of the following kinds—
(i) an STS securitisation as defined in regulation 9 of the Securitisation Regulations 2024,
(ii) an overseas STS securitisation as defined in regulation 12(2) of those Regulations;
(iii) a qualifying EU securitisation as defined in regulation 12(3) of those Regulations.”.
(3) Omit paragraph 5A.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348260670/schedule/2/paragraph/12 (the official version)
Page: https://openlegislation.uk/draft-securitisation-amendment-regulations-2024/schedule-2/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.