UK Securitisation Regulation definition

UK Securitisation Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law by operation of the EUWA, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

UK Securitisation Regulation means Regulation (EU) No 2017/2402 dated 12 December 2017, as it forms part of domestic law of the United Kingdom by virtue of the EUWA, and any implementing laws or regulations in force in the United Kingdom in relation to the EU Securitisation Regulation or amending the EU Securitisation Regulation as it applies in the United Kingdom (together with applicable directions, secondary legislation, guidance, binding technical standards and related documents published by the FCA and the PRA of the United Kingdom).

UK Securitisation Regulation means Regulation (EU) 2017/2402 relating to a European framework for simple, transparent and standardized securitisation in the form in effect on 31 December 2020 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as further amended, varied or substituted from time to time as a matter of UK law, including (i) any technical standards thereunder as may be effective from time to time and (ii) any guidance relating thereto as may from time to time be published by the UK Financial Conduct Authority and/or the UK Prudential Regulation Authority (or, in each case, any successor thereto).

Examples of UK Securitisation Regulation in a sentence

• On or about the Closing Date, the Originator (in its capacity as Retention Holder) will enter into financing arrangements by way of a repo transaction (the "Retention Financing") in respect of the Retained Exposures that it is required to acquire in order to comply with the EU Securitisation Regulation and the UK Securitisation Regulation.

• The UK Securitisation Regulation regime is currently subject to a review, which is likely to result in further changes being introduced in the UK in due course.

• None of the Issuer, any Agent, the Security Trustee, the Note Trustee, the Joint lead Managers or any of their respective affiliates makes any representation, warranty or guarantee that the Retention Financing will comply with the EU Securitisation Regulation or with the UK Securitisation Regulation.

• In exercising its rights pursuant to the Retention Financing, the Repo SPV would not be required to have regard to the EU Securitisation Regulation or with the UK Securitisation Regulation and any such termination of the Retention Financing may therefore cause the transaction described in this Prospectus to be non-compliant with the Retention Requirements.

• The UK Securitisation Regulation largely mirrors (with some amendments) the EU Securitisation Regulation as it applied in the UK at the end of 2020 (meaning that the amendments that took effect in the EU from 9 April 2021 are not part of the UK regime).

More Definitions of UK Securitisation Regulation

UK Securitisation Regulation means Regulation (EU) 2017/2402 relating to a European framework for simple, transparent and standardised securitisation in the form in effect on 31 December 2020 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as further amended, varied or substituted from time to time as a matter of UK law, including (i) any technical standards thereunder as may be effective from time to time and (ii) any guidance relating thereto as may from time to time be published by the UK Financial Conduct Authority and/or the UK Prudential Regulation Authority (or, in each case, any successor thereto).

UK Securitisation Regulation means the EU Securitisation Regulation enacted as retained direct EU law in the U.K. by virtue of the operation of the European Union (Withdrawal) Axx 0000, as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 (SI 2019/660) (including any implementing regulation, secondary legislation, technical and official guidance relating thereto (in each case, as amended, varied or substituted from time to time)).

UK Securitisation Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018. “U.S. GAAP” means generally accepted accounting principles in the United States of America, used in all calculations relating to Lease Vehicles.

UK Securitisation Regulation means Regulation (EU) 2017/2402 in the form in effect on 31 December 2020 which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as further amended, varied or substituted from time to time as a matter of United Kingdom law, including (i) any technical standards thereunder as may be effective from time to time and (ii) any guidance relating thereto as may from time to time be published by the UK Financial Conduct Authority and/or the UK Prudential Regulation Authority (or, in each case, any successor).

UK Securitisation Regulation means Regulation (EU) 2017/2402 (as applicable on December 31, 2020) as retained as part of the domestic law of the UK pursuant to the EUWA, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 (as in effect and applicable on the Closing Date and as if it were applicable to the Originator).

UK Securitisation Regulation. Regulation (EU) 2017/2402 relating to a European framework for simple, transparent and standardised securitisation in the form in effect on 31 December 2020 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended), as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as amended, varied or substituted from time to time as a matter of UK law.

UK Securitisation Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as "retained EU law" by operation of the EUWA, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended from time to time.