{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014/article-16",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014/article-16.json",
  "legislation": "uksi/2014/2080",
  "legislation_title": "The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014",
  "path": "article/16",
  "kind": "article",
  "number": "16",
  "heading": "Financial institutions exposure: securitisation and covered bonds",
  "text": "A ring-fenced body may incur a financial institution exposure to—\n(a) a sponsored structured finance vehicle of that ring-fenced body; or\n(b) a covered bond vehicle which is a subsidiary of a ring-fenced body or a building society.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 16 in force at 1.1.2019, see art. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2080/article/16",
    "retrieved_at": "2026-10-29T00:07:08.968961+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."
}