Article 16 Financial institutions exposure: securitisation and covered bondsF1I1
United Kingdom
A ring-fenced body may incur a financial institution exposure to—
(a)
a sponsored structured finance vehicle of that ring-fenced body; or
(b)
a covered bond vehicle which is a subsidiary of a ring-fenced body or a building society.
Annotations
Textual amendments
- F1
Art. 16 substituted (1.12.2016) by The Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016 (S.I. 2016/1032), arts. 1(2), 3(8)
Commencement
- I1
Art. 16 in force at 1.1.2019, see art. 1(3)