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PART 3U.K.PROHIBITIONS AND EXCEPTIONS

[F1Financial institutions exposure: securitisation and covered bondsU.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

Commencement Information

I1Art. 16 in force at 1.1.2019, see art. 1(3)