Common use of Securitisation Regulation – UK Reporting Requirements Clause in Contracts

Securitisation Regulation – UK Reporting Requirements. (i) VWFS as Servicer undertakes to the Issuer that, pursuant to the UK Securitisation Regulation, it will make the information available to the Lenders, to the Noteholders, to the FCA and to potential Lenders and Noteholders, that the Issuer is required to make available pursuant to and in compliance with the Securitisation Regulation (UK) Disclosure Requirements. The Servicer will make such information available on the website of the European Data Warehouse (UK) (xxxxx://xxxxxx.xxxxxx.xx.xx/). There is no requirement to report to a UK securitisation repository where the prospectus is not approved by the FCA. (ii) For the purposes of Article 7(2) of the UK Securitisation Regulation, the Seller and the Issuer designate VWFS, in its capacity as originator, to fulfil the information requirements of Article 7(1) of the UK Securitisation Regulation.