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SECN 5.16 Fulfilment of the retention requirements in securitisations of own issued debt instruments

SECN 5.16.1R

1Where an entity securitises its own issued debt instruments, including covered bonds, and the underlying exposures of the securitisation comprise exclusively those own-issued debt instruments, the retention requirement in SECN 5.2.1R to SECN 5.2.5R shall be considered complied with.