Asset Covered Securities (Amendment) Act 2007

Amendment of section 13 of Principal Act.

8.— Section 13 of the Principal Act is amended—

(a) in subsection (1), by inserting “, as a designated commercial mortgage credit institution” after “mortgage credit institution”, and

(b) by substituting the following for subsection (5):

“(5) Nothing in this section prevents the same person from making an application for registration as more than one kind of designated credit institution.”.