SCHEDULE 2Minor and consequential amendments to primary and secondary legislation
The Financial Services and Markets Act (Regulated Activities) Order 20012
1
The Financial Services and Markets Act (Regulated Activities) Order 2001 M1 is amended as follows.
2
In article 3 (interpretation), in the appropriate places insert—
“securitisation repository” means a person registered with ESMA under Article 10 of the EU Securitisation Regulation 2017;”;
“EU Securitisation Regulation 2017” 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, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012;.
3
In Part 6, after article 35A M2 (trade repositories) there were inserted—
Securitisation repositories35AB
A securitisation repository does not carry on an activity of the kind specified by article 25(2) by carrying on its functions of centrally collecting and maintaining records of securitisations under the EU Securitisation Regulation 2017.