Regulation 35 Interpretation of Part 8

In this Part—

• “regulated person” means a person who is not an authorised person and is—

  1. (a)

     an original lender,

  2. (b)

     an originator,

  3. (c)

     a person engaged in the activity specified in regulation 4(1)(b),

  4. (d)

     a sponsor,

  5. (e)

     an SSPE,

  6. (f)

     a third party verifier, or

  7. (g)

     a securitisation repository;

• “a regulator” means the FCA or the PRA;

• “relevant requirement” means a requirement imposed—

  1. (a)

     by designated activity rules made by virtue of regulation 5,

  2. (b)

     by a direction under section 71O of FSMA 2000 given by virtue of regulation 6,

  3. (c)

     by or under Part 4 (simple, transparent and standardised securitisations), Part 5 (securitisation repositories) or Part 6 (registration of third party verifying STS compliance),

  4. (d)

     by regulation 38 in a case where the temporary prohibition was imposed by the FCA, or

  5. (e)

     by the FCA under any other provision of these Regulations or under a provision of FSMA 2000 applied by these Regulations.