# Financial Services and Markets Act 2023, Paragraph 32: STS equivalent non-UK securitisations

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

(1) Article 2 (definitions) is amended as follows.
(2) Omit point (A8) (definition of “third country”).
(3) 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;”.
(4) In point (5) (definition of “sponsor”), for “third country” substitute “country or territory outside the United Kingdom”.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/2/paragraph/32 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-2/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.