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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

early amortisation provision

    89

      1. (1) (in BIPRU) (137 in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) a contractual clause which requires, on the occurrence of defined events, investors' positions to be redeemed prior to the originally stated maturity of the securities issued.

    [Note: article 100 of the Banking Consolidation Directive (Securitisation of revolving exposures)]137

      1. (2) (except in (1)) has the meaning in article 242(16)134 of the UK CRR137.