Paragraph 1 Amendment to EMIR

In Article 4 of EMIR^f1 (clearing obligation) in paragraph 5A(a)—

(a)

the words from “a securitisation notified as STS” to the end become paragraph (i);

(b)

at the end of that paragraph insert—

“; or

(ii)

an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2023.”.

Annotations

f1: EUR 2012/648. Article 4(5A) was inserted by S.I. 2019/660 and amended by S.I. 2020/1301 and 2022/1223.