Regulatory Alerts2019-07-29
Draft technical standards on the content and format of STS notifications under the onshored Securitisation Regulation
The Financial Conduct Authority proposes draft technical standards to establish the specific information and standardized templates required for notifying Simple, Transparent and Standardised (STS) securitisations in the UK. These proposals transfer notification responsibilities from ESMA to the FCA to ensure regulatory continuity in the event of a no-deal Brexit, requiring originators and sponsors to submit data in an electronic, machine-readable format. The standards aim to maintain market integrity and competitiveness by aligning UK requirements with existing EU frameworks while clarifying compliance obligations for market participants.
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