sponsor
- (1) (in LR) person approved, under section 88 of the Act by the232 FCA,232 as a sponsor.45
- (2) (in BIPRU and FUND118), in accordance with Article 4(42) of the Banking Consolidation Directive (Definitions) and in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) an undertaking other than an originator that establishes and manages an asset backed commercial paper programme or other securitisation scheme that purchases exposures from third party entities.45