# The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014, Article 16: Financial institutions exposure: securitisation and covered bonds

Extent: E+W+S+N.I.

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.

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Source: https://www.legislation.gov.uk/uksi/2014/2080/article/16 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.