UK Securitisation Regulation—essentials [Archived]

Published by a LexisNexis Banking & Finance expert
Practice notes

UK Securitisation Regulation—essentials [Archived]

Published by a LexisNexis Banking & Finance expert

Practice notes
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ARCHIVED: This PrACTice Note is archived and is no longer maintained.

This Practice Note provides information on Assimilated Regulation (EU) 2017/2402 (UK Securitisation Regulation).

The UK securitisation regime—UK Securitisation Regulation and related legislation

The principal measures comprising the UK securitisation regime are:

  1. the UK Securitisation Regulation

  2. Assimilated Regulation (EU) 2017/2401 (the UK CRR Amendment Regulation) which makes the capital treatment of securitisations for banks and investment firms under the Assimilated Regulation (EU) 575/2013 (UK CRR) more risk-sensitive and able to reflect properly the specific features of STS securitisations, and

  3. Commission Delegated Assimilated Regulation (EU) 2018/1221 (the UK Solvency II Delegated Act Amendment Regulation)’ which makes a number of changes to Commission Delegated Assimilated Regulation (EU) 2015/35 (the UK Solvency II Delegated Act), to ensure alignment and consistency with the UK Securitisation Regulation and the UK CRR Amendment Regulation

The UK Securitisation Regulation and the UK CRR Amendment Regulation together create an integrated framework for securitisations in the UK covering:

  1. simple, transparent and standardised (STS) securitisations—for further information, see: STS securitisations below

  2. general

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Jurisdiction(s):
United Kingdom
Key definition:
Securitisation definition
What does Securitisation mean?

The creation of securities from non-tradable assets.

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