Regulation 3 Definitions

in the definition of “money market fund”, for paragraph (a), substitute—

“(a)

in accordance with Directive 2009/65/EC^f2 of the European Parliament and of the Council of 13 July 2009 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, is an undertaking for collective investment in transferable securities subject to that Directive; and”;

omit the definition of “multilateral development bank”; and

after the definition of “secure tenant” insert—

• ““securitisation transaction” means a disposal for consideration by a local authority of all or part of its interest in specified revenues, where disposal includes both sale and assignment;”.