# The Securitisation (Amendment) Regulations 2024, Paragraph 27: Solvency 2 Delegated Regulation


In Article 1 (definitions)—
(a) in point (18a) (definition of “securitisation”), for “means a transaction or scheme as defined in Article 2(1) of Regulation (EU) 2017/2402” substitute “has the meaning given in regulation 3(1) of the Securitisation Regulations 2024”;
(b) in point (18b) (definition of “STS securitisation”)—
(i) for paragraph (a) substitute—
“(a) an STS securitisation as defined in regulation 9 of the Securitisation Regulations 2024,”;
(ii) at the end of paragraph (a), omit “or”;
(iii) after paragraph (b) insert “, or
“(c) a qualifying EU securitisation as defined in regulation 12(3) of the Securitisation Regulations 2024”;
(c) in point (19) (definition of “securitisation position”), for “Article 2(19) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;
(d) in point (20) (definition of “re-securitisation position”) for “within the meaning of Article 2(4) of Regulation (EU) 2017/2402” substitute “as defined for the purposes of PRA rules under section 137G of the Financial Services and Markets Act 2000 relating to securitisation;
(e) in point (21) (definition of “originator”), for “Article 2(3) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;
(f) in point (22) (definition of “sponsor”), for “Article 2(5) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”;
(g) in point (23) (definition of “tranche”), for “Article 2(6) of Regulation (EU) 2017/2402” substitute “regulation 3(1) of the Securitisation Regulations 2024”.

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Source: https://www.legislation.gov.uk/uksi/2024/705/schedule/2/paragraph/27 (the official version)
Page: https://openlegislation.uk/securitisation-amendment-regulations-2024/schedule-2/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.