Guide to the New UK Securitisation Rules

From 1 November 2024, the UK Securitisation Regulations 2024 and the FCA’s and PRA’s new rules for securitisation came into full effect (the “UK Securitisation Rules”), six months after their original promulgation, and replacing the retained EU Securitisation Regulation. The firm-facing securitisation rules are now set out in the FCA’s new Securitisation Sourcebook (“SECN”) and the PRA’s new Securitisation Part of the PRA Rulebook, alongside an updated PRA supervisory statement. The change forms a key pillar of the UK Government’s Smarter Regulatory Framework for financial services, and follows consultation and final rules issued by both regulators.

Click here to read the full insight: Guide to the New UK Securitisation Rules.