The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 No. 2080

PART 3 U.K. PROHIBITIONS AND EXCEPTIONS

[F1 Financial institutions exposure: securitisation and covered bonds U.K.

16.   A ring-fenced body may incur a financial institution exposure to—

(a) a sponsored structured finance vehicle of that ring-fenced body; or

(b) a covered bond vehicle which is a subsidiary of a ring-fenced body or a building society.]

Textual Amendments

F1 Art. 16 substituted (1.12.2016) by The Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016 (S.I. 2016/1032), arts. 1(2), 3(8)

Commencement Information

I1 Art. 16 in force at 1.1.2019, see art. 1(3)