It is an exact (99.5+%) copy of P/1075.
Is it street legal? Yes.
Is it street suitable, maybe...... depending on where you live (roads/climate, et al)
Can it be raced in SVRA/CVAR/UK/Europe, etc.... Yes, given the correct drivetrain/tires/trans. That would be a Gurney Weslake motor/correct ZF...