Regulation 2 Eligible property

F1In these Regulations, “eligible property” in relation to a mixed asset class bond or programme means any interest in—

In these Regulations, “eligible property” in relation to a single asset class bond or programme means, subject to paragraph (1B), any interest in eligible assets specified in and compliant with the requirements of one (and only one) of the following classes—

Assets in the following categories—

shall not be eligible property for the purposes of paragraph (1)(a) or (1A).

Eligible property (and any relevant security) must be situated in an EEA state, F11the United Kingdom, Switzerland, the United States of America, Japan, Canada, Australia, New Zealand, the Channel Islands or the Isle of Man.

In this regulation—

• “the 1996 Act” means the Housing Act 1996 M1;

• “the 2001 Act” means the Housing (Scotland) Act 2001 M2;

• “housing accommodation”—

  1. (a)

     in England and Wales, has the meaning given by section 63 of the 1996 Act (minor modifications: Part 1);

  2. (b)

     in Scotland, has the meaning given by section 111 of the 2001 Act (interpretation); and

  3. (c)

     in Northern Ireland, has the meaning given by Article 2 of the Housing (Northern Ireland) Order 1981 M3;

• “project company” has the meaning given by F12paragraph 15 of Schedule ZA1 to the 1986 Act or, in Northern Ireland, paragraph 15 of Schedule ZA1 to the 1989 Order;

• “public body” means a body which exercises public functions;

• “public-private partnership project” has the meaning given by F13paragraph 16 of Schedule ZA1 to the 1986 Act or, in Northern Ireland, paragraph 16 of Schedule ZA1 to the 1989 Order;

• “registered housing association” means a body registered as a housing association under Chapter II of Part II of the Housing (Northern Ireland) Order 1992 M4;

• “registered social landlord”—

  1. (a)

     in England and Wales, means F14a private registered provider of social housing or a body registered as a social landlord under Part 1 of the 1996 Act; and

  2. (b)

     in Scotland, means a body registered as a social landlord under F15Part 2 of the Housing (Scotland) Act 2010;

• “step-in rights” has the meaning given by F16paragraph 17 of Schedule ZA1 to the 1986 Act or, in Northern Ireland, paragraph 17 of Schedule ZA1 to the 1989 Order.

Unless otherwise defined, any expression used in this regulation and the F17capital requirements regulation has the same meaning as in that regulation.