owner

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1. 58
   1. (1) (in RCB) (as defined in Regulation 4 of the RCB Regulations) an owner which owns an asset pool and issues a guarantee to pay from that asset pool claims attaching to a regulated covered bond in the event of a failure of the issuer of that bond.
   2. (2) (in relation to a credit-related regulated activity64), in accordance with article 60N(3) of the Regulated Activities Order:
      1. (a) the person who bails or, in Scotland, hires goods under a consumer hire agreement; or
      2. (b) a person who exercises, or has the right to exercise, the rights and duties of a person who bailed or, in Scotland, hired goods under a consumer hire agreement.