UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.
UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.
UK Securitization Regulation means Regulation (EU) 2017/2402 relating to a European framework for simple, transparent and standardised securitization in the form in effect on December 31, 2020, which forms part of UK domestic law by virtue of the EUWA, as amended by the Securitization (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as further amended, varied or substituted from time to time as a matter of UK law, including (i) any technical standards thereunder as may be effective from time to time and (ii) any guidance relating thereto as may from time to time be published by the UK Financial Conduct Authority and/or the UK Prudential Regulation Authority (or, in each case, any successor thereto).
Examples of UK Securitization Regulation in a sentence
In addition, for the purpose of the following paragraph, a reference to a “third country” means (i) in respect of an EU Institutional Investor and the EU Securitization Regulation, a country other than an EU member state, or (ii) in respect of a UK Institutional Investor and the UK Securitization Regulation, a country other than the UK.
In connection with (i) Article 5(1) of Regulation (EU) 2017/2402 (the "EU Securitization Regulation") and (ii) Article 5(1) of Regulation (EU) 2017/2402 as it forms part of UK domestic law (the "UK Securitization Regulation"), Fannie Mae will retain a material net economic interest in the exposure related to the Notes issuance transaction of not less than 5%.
Any such EU-regulated or UK-regulated investor is required to independently assess and determine the sufficiency of the information described in the offering memorandum for the purposes of complying with any due diligence requirements under the EU Securitization Regulation or UK Securitization Regulation, as applicable.
In addition, for the purpose of the following paragraph, a reference to a “third country” means (i) in respect of an EU Institutional Investor and the EU Securitization Regulation, a country other than an European Union member state, or (ii) in respect of a UK Institutional Investor and the UK Securitization Regulation, a country other than the United Kingdom.
It is Fannie Mae's intention, on a voluntary basis, to use commercially reasonable efforts to make available to EU-regulated and UK-regulated institutional investors the relevant information set forth in Article 7 of the EU Securitization Regulation and UK Securitization Regulation, respectively, in respect of the Notes issuance transaction in support of such investors' compliance with such regulations.
More Definitions of UK Securitization Regulation
UK Securitization Regulation means the EU Securitization Regulation, as applicable on December 31, 2020, which was retained as part of the domestic law of the United Kingdom (the “UK”) pursuant to The European Union (Withdrawal) Act 2018 (as amended, the “EUWA”) and was amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, as so retained and so amended and as further amended from time to time; (3) “EU Securitization Rules” means the EU Securitization Regulation (as amended), together with all relevant implementing regulations in relation thereto, all regulatory standards and/or implementing technical standards in relation thereto or applicable in relation thereto pursuant to any transitional arrangements made pursuant to the EU Securitization Regulation, and in each case, any relevant guidance and directions published in relation thereto by the European Banking Authority or the European Securities and Markets Authority or the European Insurance and Occupational Pensions Authority (or, in each case, any predecessor or any other applicable regulatory authority) or by the European Commission, in each case, as amended and in effect from time to time; and (4) “UK Securitization Rules” means the UK Securitization Regulation (as amended), together with (a) all applicable binding technical standards made under the UK Securitization Regulation, (b) any EU regulatory technical standards or implementing technical standards relating to the EU Securitization Regulation (including without limitation such regulatory technical standards or implementing technical standards which are applicable pursuant to any transitional provisions of the EU Securitization Regulation) forming part of the domestic law of the UK by operation of the EUWA, (c) all relevant guidance, policy statements or directions relating to the application of the UK Securitization Regulation (or any binding technical standards) published by the Financial Conduct Authority and/or the Prudential Regulation Authority (or their successors), (d) any guidelines relating to the application of the EU Securitization Regulation which are applicable in the UK, (e) any other transitional, saving or other provision relevant to the UK Securitization Regulation by virtue of the operation of the EUWA and (f) any other applicable laws, acts, statutory instruments, rules, guidance or policy statements published or enacted relating to the UK Securitization Regulation, in each case, as may be further amended, supplemented or replaced from ...
UK Securitization Regulation. European Union Regulation (EU) 2017/2402 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended, varied, superseded or substituted from time to time) including the Securitisation (Amendment) (EU Exit) Regulations 2019, together with any supplementing regulatory technical standards, implementing technical standards and any official guidance published in relation thereto by the Financial Conduct Authority or the Prudential Regulation Authority, each as amended, varied or substituted from time to time.
UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law under the European Union (Withdrawal) Xxx 0000, as amended by the Securitization (Amendment) (EU Exit) Regulations 2019. With reference to the EU Securitization Regulation and the UK Securitization Regulation, the Seller covenants and agrees that (i) as “originator” for the purposes of each of the EU Securitization Regulation and the UK Securitization Regulation, it currently retains, and on an ongoing basis will retain, a material net economic interest that is not less than 5% of the nominal value of the securitized exposures (measured at origination), in a form that is intended to qualify as an originator’s interest as provided in option (b) of Article 6(3) of each of the EU Securitization Regulation and UK Securitization Regulation, by holding all the membership interest in the Company, which in turn holds all or part of the Transferor’s Interest; (ii) it will not (and will not permit the Company or any of its other affiliates to) sell, transfer or otherwise surrender all or part of the rights, benefits or obligations from the retained interest or subject it to any credit risk mitigation, or hedging, except to the extent permitted under each of the EU Securitization Regulation and UK Securitization Regulation (as supplemented by applicable delegated regulations and guidance); (iii) it will not change the retention option or the method of calculating its net economic interest in the securitized exposures while the Notes are outstanding, except under exceptional circumstances in accordance with each of the EU Securitization Regulation and UK Securitization Regulation (as supplemented by applicable delegated regulations and guidance); and (iv) it will provide ongoing confirmation of its continued compliance with its obligations in clauses (i) and (ii) in this paragraph in or concurrently with the delivery of each monthly certificateholders’ statement pursuant to the Series Supplement.
UK Securitization Regulation means Regulation (EU) 2017/2402 relating to a European framework for simple, transparent and standardised securitization in the form in effect on December 31, 2020, which forms part of UK domestic law by virtue of the EUWA, as amended by the Securitization (Amendment) (EU Exit) Regulations 2019 of the United Kingdom and as further amended, varied or substituted from time to time as a matter of UK law, including
UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law by operation of the European Union (Withdrawal) Act 2018, as amended, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended. The Bank has agreed to provide notices and perform on behalf of the Issuer certain other administrative obligations required by the Transfer Agreement, the Servicing Agreement, the Master Indenture and each indenture supplement for each series of notes issued by the Issuer, pursuant to an Administration Agreement, dated as of November 30, 2017 (the “Administration Agreement”), between the Bank, as administrator and the Issuer. The Trust Agreement, the Indenture, the Transfer Agreement, the Receivables Sale Agreement, the Servicing Agreement, the Asset Representations Review Agreement, the Risk Retention Agreement and the Administration Agreement are referred to herein, collectively, as the “Transaction Documents.” To the extent not defined herein, capitalized terms used herein have the meanings assigned in the Master Indenture, Indenture Supplement or Terms Documents as applicable. For purposes of this Agreement and all related documents, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP; (b) unless otherwise provided, references to any month, quarter or year refer to a calendar month, quarter or year; (c) terms defined in Article 9 of the UCC as in effect in the applicable jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (d) references to any amount as on deposit or outstanding on any particular date mean such amount at the close of business on such day; (e) the words “hereof”, “herein” and “hereunder” and words of similar import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document); (f) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section...
UK Securitization Regulation. Regulation (EU) 2017/2402, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Axx 0000, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019.
UK Securitization Regulation means Securitisation (Amendment) (EU Exit) Regulations 2019/660.