Quick Look Brexit Financial Services Legislation Status Guide—Securitisation Regulation [Archived]
Published by a LexisNexis Financial Services expert
Practice notesQuick Look Brexit Financial Services Legislation Status Guide—Securitisation Regulation [Archived]
Published by a LexisNexis Financial Services expert
Practice notes
This Quick Look Brexit Financial Services Legislation Status Guide provides high level information on the status of Regulation (EU) 2017/2402 (OJ L 347/35) (EU Securitisation Regulation) under UK Law from 1 January 2021. For more detailed information, see Practice Note: Impact of Brexit: Securitisation Regulation—quick guide [Archived].
During the implementation period beginning on 31 January 2020 and ending on 31 December 2020 (IP completion day), the EU Securitisation Regulation was directly applicable in the UK in accordance with the European Union (Withdrawal) Act 2018 (EU(W)A 2018), as amended by the European Union (Withdrawal Agreement) Act 2020 (EU(WA)A 2020), and the Withdrawal Agreement between the UK and the EU.
With effect from 1 January 2021:
- •
the EU Securitisation Regulation and the EU Securitisation Regulation level 2 measures, as modified by statutory instruments (SIs) issued as part of the onshoring process under EU(W)A 2018, will form part of EU retained law and accordingly apply in the UK—see: Onshored Securitisation Regulation—from 1 January 2021 and Retained Regulation (EU) 2017/2402 (UK Securitisation Regulation)
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Brexit definition
What does Brexit mean?
means: (a) the United Kingdom (UK) ceasing to be a member state of the European Union (EU) and/or the European Economic Area (EEA) on exit day; and/or (b) the commencement, end of[ or variation in] any transitional, trading or other arrangements from time to time between: (i) the UK and the EU and/or EEA (including during any implementation period and IP Completion Day); and/or (ii) the UK and any other country, group of countries, international organisation, bloc or body (including the World Trade Organization) in contemplation of or (directly or indirectly) in connection with the UK’s said cessation of membership;
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