Updated 05/02/2025
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SECR ToolDelegated Regulation 2020/1230
Article 1

Article 1 - Delegated Regulation 2020/1230

Article 1

Definitions

For the purposes of this Regulation, the following definitions shall apply:

(1)

‘user’, in relation to a securitisation repository, means any of the following:

(a)

any entity listed in Article 17(1) of Regulation (EU) 2017/2402;

(b)

any reporting entity in relation to that securitisation repository;

(c)

any other client of the securitisation repository who uses core securitisation services provided by the securitisation repository;

(2)

‘reporting entity’ means the entity designated in accordance with the first subparagraph of Article 7(2) of Regulation (EU) 2017/2402;

(3)

‘core securitisation services’ means services for which registration as a securitisation repository is required under Regulation (EU) 2017/2402;

(4)

‘ancillary securitisation services’ means services provided by a securitisation repository that are directly related to and arise from the delivery of core securitisation services provided by that securitisation repository;

(5)

‘ancillary non-securitisation services’ means services that are neither core securitisation services nor ancillary securitisation services;

(6)

the following expressions have the meaning given to that expression in Article 2 of Regulation (EU) No 648/2012:

(a)

‘group’;

(b)

‘parent undertaking’;

(c)

‘subsidiary’;

(d)

‘capital’;

(e)

‘close links’;

(f)

‘board’;

(7)

‘senior management’ means the person or persons who effectively direct the business of the securitisation repository, and the executive member or members of its board.