Regulation 24 Interpretation of Part 6I1

In this Part—

• “third party”, in relation to a securitisation, means a person other than the originator, sponsor or securitisation special purpose entity;

• “third party verification service” means a service provided by a third party of assessing the compliance of a securitisation with the STS criteria;

• “third party verifier” means a person registered to provide a third party verification service.