Regulation 4 Owner
In these Regulations “owner” means a person which —
(a)
owns an asset pool; and
(b)
issues a guarantee to pay from that asset pool claims attaching to a regulated covered bond in the event of a failure of the issuer of that bond.
In these Regulations “owner” means a person which —
owns an asset pool; and
issues a guarantee to pay from that asset pool claims attaching to a regulated covered bond in the event of a failure of the issuer of that bond.