Regulatory Alerts2023-08-03
Added · Updated
PS24/4: Rules relating to Securitisation
The FCA and PRA implement final rules replacing firm-facing provisions of the UK Securitisation Regulation, with an implementation date of 1 November 2024. The rules introduce a six-month transition period and transitional provisions for pre-implementation securitisations, while clarifying due diligence obligations for institutional investors and risk retention requirements for non-performing exposures. Amendments also align FCA and PRA rule drafting, define delegation of due diligence, and clarify prohibitions on hedging material net interests.
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