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      1. 152
      1. (1) (in LR, except in LR 5.6.18AG) a203 person approved, under section 88 of the Act by the229 FCA,229 as a sponsor.45
      1. (1A) (in LR 5.6.18AG) as defined in LR 5.6.18BR.203
      1. (2) (in BIPRU120), 180 and in MIPRU 4110 and in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation110,110 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

    [Note: article 4(42) of the Banking Consolidation Directive (Definitions)]

      1. (3) (in IFPRU177) has the meaning in article 4(1)(14) of the UK CRR180.120