{
  "url": "https://openlegislation.uk/draft-securitisation-amendment-regulations-2024/schedule-2/paragraph-27",
  "json_url": "https://openlegislation.uk/draft-securitisation-amendment-regulations-2024/schedule-2/paragraph-27.json",
  "legislation": "ukdsi/2024/9780348260670",
  "legislation_title": "The Securitisation (Amendment) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-securitisation-amendment-regulations-2024",
  "path": "schedule/2/paragraph/27",
  "kind": "paragraph",
  "number": "27",
  "heading": "Solvency 2 Delegated Regulation",
  "text": "In Article 1 (definitions)—\n(a) in point (18a) (definition of “securitisation”), for “means a transaction or scheme as defined in Article 2(1) of Regulation (EU) 2017/2402” substitute “has the meaning given in regulation 3(1) of the Securitisation Regulations 2024”;\n(b) in point (18b) (definition of “STS securitisation”)—\n(i) for paragraph (a) substitute—\n“(a) an STS securitisation as defined in regulation 9 of the Securitisation Regulations 2024,”;\n(ii) at the end of paragraph (a), omit “or”;\n(iii) after paragraph (b) insert\n“, or\n(c) a qualifying EU securitisation as defined in regulation 12(3) of the Securitisation Regulations 2024”;\n(c) in point (19) (definition of “securitisation position”), for “Article 2(19) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;\n(d) in point (20) (definition of “re-securitisation position”) for “within the meaning of Article 2(4) of Regulation (EU) 2017/2402” substitute “as defined for the purposes of PRA rules under section 137G of the Financial Services and Markets Act 2000 relating to securitisation;\n(e) in point (21) (definition of “originator”), for “Article 2(3) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;\n(f) in point (22) (definition of “sponsor”), for “Article 2(5) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;\n(g) in point (23) (definition of “tranche”), for “Article 2(6) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Point (18b) was amended by paragraph 39 of Schedule 2 to the Financial Services and Markets Act 2023 and is amended by S.I. 2024/102."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348260670/schedule/2/paragraph/27",
    "retrieved_at": "2026-10-30T14:41:12.593612+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}