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, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (c. 2402)

CHAPTER 1 U.K. GENERAL PROVISIONS

Article 4 U.K. Requirements for SSPEs

SSPEs shall not be established in a third country to which any of the following applies:

(a)

the third country is listed as a high-risk and non-cooperative jurisdiction by the FATF;

(b)

the third country has not signed an agreement with [F1 the United Kingdom] to ensure that that third country fully complies with the standards provided for in Article 26 of the Organisation for Economic Cooperation and Development (OECD) Model Tax Convention on Income and on Capital or in the OECD Model Agreement on the Exchange of Information on Tax Matters, and ensures an effective exchange of information on tax matters, including any multilateral tax agreements.

Textual Amendments

F1 Words in Art. 4(b) substituted (31.12.2020) by The Securitisation (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/660), regs. 1(2), 6 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)