Regulation 22 Power of FCA to make rules in relation to securitisation repositoriesI1

The FCA may make such rules applying to securitisation repositories registered with the FCA—

as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives set out in section 1B(3) of FSMA 2000.

In paragraph (1) “securitisation repository activities” means the activities of centrally collecting and maintaining records of securitisations.

The rules may make provision applying to securitisation repositories even though there is no relationship between the securitisation repositories to whom the rules will apply and the persons whose interests will be protected by the rules.

The rules may contain requirements which take into account, in the case of a securitisation repository which is a member of a group, any activity of another member of the group.

In paragraph (4) “group” has the same meaning as in FSMA 2000 (see section 421 of that Act).