Asset Covered Securities (Amendment) Act 2007

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Amendment of section 55 of Principal Act.

42.— Section 55 of the Principal Act is amended—

(a) in paragraph (a), by substituting “comprised” for “included”,

(b) by inserting the following after paragraph (a):

“(ab) in the case of public credit assets comprised in the cover assets pool which are financial obligations of entities referred to in section 5(1)(d), a reference to those kinds of public credit assets and the number and percentage of those assets which are referable to that category,”,

and

(c) in paragraph (b), by substituting “section” for “subsection”.