UK Institutional Investor definition
UK Institutional Investor means an institutional investor as defined in the UK Securitization Regulation.
UK Institutional Investor has the meaning given to “institutional investor” under the UK Securitisation Regulation.
UK Institutional Investor means each of the credit institutions and investment firms as defined by Article 4(1)(2A) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 as it forms part of UK domestic law by virtue of the EUWA, certain alternative investment fund managers which manage or market alternative investment funds in the UK, UK regulated insurers or reinsurers, certain management companies as defined in section 237(2) of the Financial Services and Markets Act 2000 ("FSMA"), UCITS as defined by section 236A of FSMA which is an authorised open ended investment company as defined in section 237(3) of FSMA and occupational pension schemes as defined in section 1(1) of the Pension Schemes Act 1993. Each potential UK Institutional Investor is required to independently assess and determine the sufficiency of the information described above and in the base prospectus generally for the purposes of complying with Article 5 of the UK Securitisation Regulation which may be relevant to investors and none of the issuer, the arranger, any dealer, Funding, the mortgages trustee, the seller or any of the other transaction parties makes any representation that any such information described above or elsewhere in this base prospectus is sufficient in all circumstances for such purposes. See the section entitled "Certain Regulatory Requirements – UK Securitisation Regulation". EU Securitisation RegulationThe EU Securitisation Regulation applies to securitisations, the securities of which are issued on or after 1 January 2019 (or in the case of amending EU Regulation (EU) No 2021/557 to securities issued on or after 9 April 2021). The EU Securitisation Regulation includes risk retention and transparency requirements (imposed variously on the issuer, originator, sponsor and/or original lender of a securitisation in the EU) and due diligence requirements imposed on EU Institutional Investors (as defined below) in a securitisation. If the due diligence requirements under the EU Securitisation Regulation are not satisfied then, depending on the regulatory requirements applicable to such EU Institutional Investor, an additional risk weight, regulatory capital charge and/or other regulatory sanction may be applied to such securitisation investment and/or imposed on the EU Institutional Investor.
More Definitions of UK Institutional Investor
UK Institutional Investor means (a) an 'institutional investor' as defined in the UK Securitization Regulation and includes (i) insurance undertakings as defined in section 417(1) of FSMA; (ii) reinsurance undertakings as defined in section 417(1) of FSMA; (iii) occupational pension schemes as defined in section 1(1) of the Pension Schemes Act 1993 that have their main administration in the UK, and fund managers of such schemes appointed under section 34(2) of the Pensions Act 1995 that, in respect of activity undertaken pursuant to such appointment, are authorized for the purposes of section 31 of FSMA; (iv) AIFMs as defined in regulation 4(1) of the Alternative Investment Fund Managers Regulation 2013 which market or manage AIFs (as defined in regulation 3 of those Regulations) in the UK; (v) management companies as defined in section 237(2) of FSMA; (vi) UCITS as defined by section 236A of FSMA which are authorized open ended investment companies as defined in section 237(3) of FSMA; and (vii) CRR firms as defined by Article 4(1)(2A) of Regulation (EU) No 575/2013, as it forms part of UK domestic law by virtue of the EUWA (as amended, the "UK CRR") and (b) certain consolidated affiliates of such CRR firms who are subject to the requirements of Article 5 of the UK Securitization Regulation pursuant to Article 14 of the UK CRR;
UK Institutional Investor means any of the following: CRR firms and FCA investment firms as defined in Article 4(1)(2A) and Article 4(1)(2B), respectively, of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 as it forms part of UK domestic law by virtue of the EUWA, certain alternative investment fund managers with permission under the FSMA in respect of managing alternative investment funds and which market or manage alternative investment funds in the UK, small registered UK alternative investment fund managers, UK regulated insurers and reinsurers, management companies as defined in section 237(2) of the FSMA, UCITS as defined in section 236A of the FSMA which are authorised open ended investment companies as defined in section 237(3) of FSMA, trustees and managers of occupational pension schemes as defined in section 1(1) of the Pension Schemes Act 1993 that have their main administration in the UK, and certain fund managers of such schemes, each as described in more detail in the UK Securitisation Framework.
UK Institutional Investor. An investor in the Secured Debt that is subject to regulation under the UK Securitization Regulation from time to time or party to liquidity or credit support arrangements provided by a financial institution that is subject to the UK Securitization Regulation.