BANK 4.6.6 Firm as originator

A banking business firm is an originator of a securitisation if:

(a) the firm originates, directly or indirectly, underlying assets included in the securitisation; or
(b) the firm serves as sponsor of an asset-backed commercial paper programme (or similar programme) that acquires exposures from third parties.
Inserted by QFCRA RM/2017-2 (as from 1st April 2017).