Home FCA Handbook SECN SECN 7 SECN 7.3 Fully supported ABCP programme
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SECN 7.3 Fully supported ABCP programme

01/11/2024R

A fully supported ABCP programme shall not be considered to be a resecuritisation for the purposes of SECN 7, provided that none of the ABCP transactions within that programme is a resecuritisation and that the credit enhancement does not establish a second layer of tranching at the programme level.