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  1. Securitisation Regulations 2024 [SI 2024 No. 102]
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 29 January 2024

Securitisation Regulations 2024 [SI 2024 No. 102]

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Part 1 Introductory (regs. 1-3)
In force
 Regulation 1 Citation and extent
In force
 Regulation 2 Commencement
In force
 Regulation 3 Interpretation
Part 2 Designated activities (regs. 4-7)
In force
 Regulation 4 Activities specified as designated activities for purposes of FSMA 2000
In force
 Regulation 5 FCA rules
In force
 Regulation 6 Power of FCA to give directions
In force
 Regulation 7 Directions: procedure
Part 3 Matters to consider when making rules (reg. 8)
In force
 Regulation 8 Matter to which FCA and PRA must have regard when making rules relating to securitisation
Part 3A Restriction on establishment of a securitisation special purpose entity (reg. 8A)
In force
 Regulation 8A Restriction on establishment of a securitisation special purpose entity
Part 4 Simple, transparent and standardised securitisations (regs. 9-13)
In force
 Regulation 9 STS securitisations
In force
 Regulation 10 STS notification requirements
In force
 Regulation 11 Removal of STS securitisation from FCA list: procedure
In force
 Regulation 12 Use of STS designation
In force
 Regulation 13 Overseas simple, transparent and standardised securitisations regime
Part 5 Securitisation repositories (regs. 14-23)
In force
 Regulation 14 Registration of a securitisation repository
In force
 Regulation 15 Application for registration
In force
 Regulation 16 Examination of application
In force
 Regulation 17 Register of securitisation repositories
In force
 Regulation 18 Changes to conditions for registration
In force
 Regulation 19 Withdrawal of registration
In force
 Regulation 20 Notification of decision
In force
 Regulation 21 Tribunal
In force
 Regulation 22 Power of FCA to make rules in relation to securitisation repositories
In force
 Regulation 23 Power of FCA to impose requirements
Part 6 Registration of third party verifying STS compliance (regs. 24-32)
In force
 Regulation 24 Interpretation of Part 6
In force
 Regulation 25 Third party verifying STS compliance
In force
 Regulation 26 Application for registration to provide third party verification service
In force
 Regulation 27 Determination of application for registration to provide third party verification service
In force
 Regulation 28 Register of third party verifiers
In force
 Regulation 29 Temporary withdrawal of registration to provide third party verification service
In force
 Regulation 30 Temporary withdrawal of registration to provide third party verification service: procedure
In force
 Regulation 31 Withdrawal of registration to provide third party verification service on initiative of FCA
In force
 Regulation 32 Withdrawal of registration to provide third party verification service at request of third party verifier
Part 7 Due-diligence requirements (regs. 32A-34)
In force
 Regulation 32A Interpretation of Part 7
In force
 Regulation 32B Due-diligence requirements for occupational pension schemes: before holding a securitisation position
In force
 Regulation 32C Due-diligence requirements for occupational pension schemes: ongoing requirements
In force
 Regulation 32D Due-diligence requirements for occupational pension schemes: delegation of investment management decisions
Partly in force
 Regulation 33 Rules relating to due-diligence requirements of institutional investors
Partly in force
 Regulation 34 Due-diligence requirements of small registered UK AIFMs as institutional investors
Part 8 Monitoring, disciplinary measures and procedures (regs. 35-49)
In force
 Regulation 35 Interpretation of Part 8
In force
 Regulation 36 Monitoring and enforcement by FCA
In force
 Regulation 36A Monitoring and enforcement by Pensions Regulator
In force
 Regulation 37 Temporary prohibition relating to management functions
In force
 Regulation 38 Temporary prohibition relating to management functions: obligations on originator, sponsor or SSPE
In force
 Regulation 39 Imposition of temporary ban on STS notifications
In force
 Regulation 40 Procedure for imposition, variation or revocation of a temporary ban on STS notifications
In force
 Regulation 41 Public censure
In force
 Regulation 42 Financial penalties
In force
 Regulation 43 Warning notice
In force
 Regulation 44 Decision notice
In force
 Regulation 45 Consultation in relation to certain enforcement action
In force
 Regulation 46 Statement of policy
In force
 Regulation 47 Statement of policy: procedure
In force
 Regulation 48 Restriction on penalties
In force
 Regulation 49 Right to refer matters to Tribunal
Part 9 Application of provisions of FSMA 2000 etc and consequential amendments (regs. 50-51)
In force
 Regulation 50 Amendment or application with modifications of provisions of FSMA 2000 etc
In force
 Regulation 51 Amendments of other legislation
Part 10 Saving and transitional provisions (regs. 52-53)
In force
 Regulation 52 Pre-2019 securitisations
In force
 Regulation 52A Occupational pension schemes: savings relating to pre-commencement securitisations
In force
 Regulation 53 Further transitional provisions
In force
 Schedule A1 Supplementary provision about due diligence requirements for the trustees or managers of an occupational pension scheme
Schedule 1 Amendment, or application with modifications, of provisions of FSMA 2000 and secondary legislation made under it
In force
 Schedule 1, Part 1 Amendments of FSMA 2000 (paras. 1-6)
In force
 Schedule 1, Part 2 Application with modifications of provisions of FSMA 2000 and secondary legislation (paras. 7-18)
In force
 Schedule 2 Amendments to other legislation and consequential amendments
In force
 Schedule 3 Transitional provisions
Signature
Explanatory Note
Explanatory Memorandum
De minimis assessment
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