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securitisation special purpose entity

      1. 121
        1. (1) [deleted]209180132
        [Note: article 4(44) of the Banking Consolidation Directive (Definitions)]180
        1. (2) (in MIPRU) a corporation, trust or other entity that has the following characteristics:132
          1. (a) it is organised for carrying on a securitisation or securitisations (within the meaning of paragraph (2) of the definition of securitisation);
          1. (b) its activities are limited to those appropriate to accomplishing such securitisation or securitisations; and
          1. (c) its structure is intended to isolate its obligations from those of the originator.