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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.

owner

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        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.
        1. (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
          1. (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.