UK Transparency Requirements. The information required by Article 7 of the UK Securitization Regulation.
UK Transparency Requirements means the disclosure requirements under Article 7 of the UK Securitisation Regulation or any replacement provision included in the UK Securitisation Regulation from time to time.
Examples of UK Transparency Requirements in a sentence
It is unclear (i) whether the EU Transparency Requirements apply where none of originator, sponsor and securitisation special purpose entity ("SSPE") is established in the EU and (ii) whether the UK Transparency Requirements apply where none of originator, sponsor and SSPE is established in the UK.
The European Transparency Requirements and/or the UK Transparency Requirements.
It is unclear (i) whether the EU Transparency Requirements apply where none of originator, sponsor and securitisation special purpose entity (“SSPE”) is established in the EU and (ii) whether the UK Transparency Requirements apply where none of originator, sponsor and SSPE is established in the UK.
More Definitions of UK Transparency Requirements
UK Transparency Requirements. The transparency requirements under Article 7 of the UK Securitization Regulation, as may be amended, varied or substituted from time to time. “Unadjusted Benchmark Replacement Rate”: A Benchmark Replacement Rate that does not include a spread adjustment, or method for calculating or determining such spread adjustment.
UK Transparency Requirements means the disclosure requirements under Article 7 of the UK Securitisation Regulation or any replacement provision included in the UK Securitisation Regulation from time to time.The following definitions contained in the Conditions, including Condition 1 (Definitions), are amended as follows:(a) The definition of "Accrual Period" is deleted and replaced with the following: "Accrual Period" means:(a) in respect of the Class B-1 Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes, the period from (and including) the Original Issue Date to (but excluding) the first Payment Date; and(b) in respect of a Class of Notes that is subject to a Refinancing, the applicable Initial Accrual Period,and, thereafter, for each Class of Notes, each successive period from (and including) each Payment Date to (but excluding) the following Payment Date, provided that for the purpose of calculating the interest payable in accordance with Condition 6(e)(iii) (Calculation of Fixed Amounts), the Payment Date shall not be adjusted if the relevant Payment Date would have fallen on a day other than a Business Day but for the proviso in the definition of Payment Date.(b) Paragraph (b)(v) of the definition of "Administrative Expenses" is deleted and replaced with the following:(v) to any other Person in respect of any governmental fee or charge (for the avoidance of doubt, excluding any taxes but including any pecuniary sanctions levied on the Issuer arising under Article32 of the Securitisation Regulations or any national laws or regulations supplementing or implementing the Securitisation Regulations in relation to a failure to meet the Transparency Requirements, provided that, in the case of the Investment Manager only, such sanctions have not been imposed as a result of the negligence or intention infringement of the Investment Manager) or any statutory indemnity;(c) Paragraph (b)(vii) of the definition of "Administrative Expenses" is deleted and replaced with the following: (vii) on a pro rata basis to the Placement Agent pursuant to the 2018 Placement Agency Agreement, and to the Placement Agent pursuant to the Placement Agency Agreement in respect of any indemnities payable to it thereunder;(d) Paragraph (c)(i) of the definition of "Administrative Expenses" is deleted and replaced with the following: