Paragraph 32 STS equivalent non-UK securitisationsI1I2

Article 2 (definitions) is amended as follows.

Omit point (A8) (definition of “third country”).

Before point (1) insert—

“(A9)

‘STS equivalent non-UK securitisation’ means a securitisation of a description in relation to which a country or territory outside the United Kingdom is designated by regulations under Article 28A;

(A10)

‘territory’ includes the European Union and any other international organisation or authority comprising countries or territories;”.

In point (5) (definition of “sponsor”), for “third country” substitute “country or territory outside the United Kingdom”.