Securitisation (Amendment) (EU Exit) Regulations 2019 and Securitisation Regulations 2018

The Financial Conduct Authority amends the Decision Procedure and Penalties Manual and the Enforcement Guide to establish decision-making procedures for regulating Securitisation Repositories and enforcing the Securitisation Regulations 2018. Near-final rules specify that the Regulatory Decisions Committee or executive procedures handle registration refusals, withdrawals, financial penalties, and public censures for Securitisation Repositories, effective on exit day. Final rules grant the Regulatory Decisions Committee authority to impose suspensions, conditions, limitations, or other restrictions on individuals and authorised persons for breaches of the 2018 Regulations.

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Policy Statement
PS19/15
June 2019
Securitisation (Amendment) (EU Exit)
Regulations 2019 and Securitisation
Regulations 2018 (near final and final rules)

PS19/15 Financial Conduct Authority
Securitisation (Amendment) (EU Exit) Regulations 2019 and Securitisation Regulations 2018 (near final and final rules) This relates to Consultation Paper 19/11 which is available on our website at www.fca.org.uk/publications Email:
cp19-11@fca.org.uk
Contents
1 Summary 3
2 Securitisation Repositories – near final rules 6 3 Securitisation Regulations 2018 – final rules 8
Annex 1
List of non-confidential respondents 9
Annex 2
Abbreviations used in this paper 10
Appendix 1
Near final rules (legal instrument)
Appendix 2
Final rules (legal instrument)

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Source: Financial Conduct Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works