For the purpose of this Article, in the case of securitisations which do not involve the issuance of securities, any references to ‘securitisations the securities of which were issued’ shall be deemed to mean ‘securitisations the initial securitisation positions of which are created’, provided that this Regulation applies to any securitisations that create new securitisation positions on or after 1 January 2019.
Chun críche an Airteagail seo, i gcás urrúsuithe nach mbaineann le hurrúsuithe a eisiúint, meastar go gciallaíonn “urrúsuithe ar eisíodh a n-urrúis” “urrúsuithe ar cruthaíodh na chéad suíomhanna urrúsúcháin dóibh”, ar an gcoinníol go bhfuil feidhm ag an Rialachán seo i gcás aon urrúsuithe a chruthaíonn suíomhanna nua urrúsúcháin ar 1 Eanáir 2019 nó ina dhiaidh sin.