Regulation 35 Interpretation of Part 8I1

In this Part—

• “regulated person” means a person who is not an authorised person and is—

  1. an original lender,

  2. an originator,

  3. a person engaged in the activity specified in regulation 4(1)(b),

  4. a sponsor,

  5. an SSPE,

  6. a third party verifier, or

  7. a securitisation repository;

• “a regulator” means the FCA or the PRA;

• “relevant requirement” means a requirement imposed—

  1. by designated activity rules made by virtue of regulation 5,

  2. by a direction under section 71O of FSMA 2000 given by virtue of regulation 6,

  3. F1by regulation 8A (restriction on establishment of an SSPE),

  4. by or under Part 4 (simple, transparent and standardised securitisations), Part 5 (securitisation repositories) or Part 6 (registration of third party verifying STS compliance),

  5. by regulation 38 in a case where the temporary prohibition was imposed by the FCA, or

  6. by the FCA under any other provision of these Regulations or under a provision of FSMA 2000 applied by these Regulations.