The draft Securitisation (Amendment) Regulations 2024 were published on April 22, 2024. In combination with the Securitisation Regulations (S.I. 2024/102), the draft Regulations will provide the U.K.'s new regulatory framework for securitizations as part of HM Treasury's Smarter Regulatory Framework. The Securitisation Regulations 2024 establish the designated activities relating to securitizations and repeal detailed legislative firm-facing requirements, which will move the rulebooks of the Prudential Regulation Authority and the Financial Conduct Authority. The Securitisation Regulations will enter into force when the existing Securitisation Regulations 2017 are repealed, which will be implemented by commencement regulations. The draft Regulations restate due diligence requirements for Occupational Pension Schemes and restate the prohibition on the establishment of Securitisation Special Purpose Entities (SSPEs) in high-risk jurisdictions, modifying it to apply to institutional investors, as well as originators or sponsors.