The start of 2024 heralds the rollout of a new suite of rules for securitisation in the UK, which once adopted, will replace the existing on-shored UK Securitisation Regulation (the “UKSR”).
Originally published in...more
2/14/2024
/ AIFM ,
Amended Regulation ,
Buy-Side Trading ,
Due Diligence ,
EU ,
Financial Conduct Authority (FCA) ,
Institutional Investors ,
Internal Controls ,
Market Participants ,
New Regulations ,
Onshoring ,
Policies and Procedures ,
Prudential Regulation Authority (PRA) ,
Regulation Technical Standards (RTS) ,
Regulatory Standards ,
Securitization ,
UK
Recent changes to the Securitisation Regulation allow eligible servicers in the EU to retain the 5% net economic interest in traditional securitisations of non-performing exposures (NPEs). The European Banking Authority (EBA)...more
Within a fortnight of each other, the STS Notification RTS was published in final form and the homogeneity RTS for STS securitisations will enter into force. This alert highlights how STS securitisations will be...more
Originators, sponsors, and issuers should prepare now for the new securitisation disclosure and reporting rules.
Key Points:
..Disclosure and reporting standards under the EU Securitisation Regulation are finalised but...more