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Amwelladmin (talk | contribs) (Created page with "{{a|repack|}} {{d|Sponsor||n|}} “A credit institution, whether located in the Union or not, as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013, or an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU other than an originator, that: :(a) establishes and manages an asset-backed commercial paper programme or other securitisation that purchases exposures from third-party entities, or :(b) establishes an asset-backed commer...") |
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{{d|Sponsor||n|}} | {{quote|“A credit institution, whether located in the Union or not, as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013, or an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU other than an originator, that: | ||
“A credit institution, whether located in the Union or not, as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013, or an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU other than an originator, that: | |||
:(a) establishes and manages an asset-backed commercial paper programme or other securitisation that purchases exposures from third-party entities, or | :(a) establishes and manages an asset-backed commercial paper programme or other securitisation that purchases exposures from third-party entities, or | ||
:(b) establishes an asset-backed commercial paper programme or other securitisation that purchases exposures from third-party entities and delegates the day-to-day active portfolio management involved in that securitisation to an entity authorised to perform such activity in accordance with Directive 2009/65/EC, Directive 2011/61/EU or Directive 2014/65/EU”. | :(b) establishes an asset-backed commercial paper programme or other securitisation that purchases exposures from third-party entities and delegates the day-to-day active portfolio management involved in that securitisation to an entity authorised to perform such activity in accordance with Directive 2009/65/EC, Directive 2011/61/EU or Directive 2014/65/EU”.<ref>Article 2(5) of the EU Securitisation Regulation</ref>}} | ||