# The Securitisation Regulations 2023, Regulation 35: Interpretation of Part 8


In this Part—
“regulated person” means a person who is not an authorised person and is—
(a) an original lender,
(b) an originator,
(c) a person engaged in the activity specified in regulation 4(1)(b),
(d) a sponsor,
(e) an SSPE,
(f) a third party verifier, or
(g) a securitisation repository;
“a regulator” means the FCA or the PRA;
“relevant requirement” means a requirement imposed—
(a) by designated activity rules made by virtue of regulation 5,
(b) by a direction under section 71O of FSMA 2000 given by virtue of regulation 6,
(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),
(d) by regulation 38 in a case where the temporary prohibition was imposed by the FCA, or
(e) by the FCA under any other provision of these Regulations or under a provision of FSMA 2000 applied by these Regulations.

---
Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254242/regulation/35 (the official version)
Page: https://openlegislation.uk/draft-securitisation-regulations-2023/regulation-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.