securitisation special purpose entity
- 121[Note: article 4(44) of the Banking Consolidation Directive (Definitions)]180
- (2) (in MIPRU) a corporation, trust or other entity that has the following characteristics:132
- (a) it is organised for carrying on a securitisation or securitisations (within the meaning of paragraph (2) of the definition of securitisation);
- (b) its activities are limited to those appropriate to accomplishing such securitisation or securitisations; and
- (c) its structure is intended to isolate its obligations from those of the originator.
- 223(3) (in SECN) has the meaning in regulation 3(1) of the Securitisation Regulations 2024.
- (2) (in MIPRU) a corporation, trust or other entity that has the following characteristics:132