UK Securitisation Regulation—one minute guide [Archived]

Published by a LexisNexis Banking & Finance expert
Practice notes

UK Securitisation Regulation—one minute guide [Archived]

Published by a LexisNexis Banking & Finance expert

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ARCHIVED: This document is archived and no longer maintained.

This PrACTice Note provides high level information on Assimilated Regulation (EU) 2017/2402 (the UK Securitisation Regulation.

The UK Securitisation Regulation is complemented by:

  1. Assimilated Regulation (EU) 2017/2401 (the UK CRR Amendment Regulation), which amends the regulatory capital treatment under Assimilated Regulation (EU) 575/2013 (UK CRR) of both STS and non-STS securitisation positions held by credit institutions and investment firms, and

  2. Commission Delegated Assimilated Regulation (EU) 2018/1221 (the UK Solvency II Delegated Act Amendment Regulation), which aligns the regulatory capital treatment under Commission Delegated Assimilated Regulation (EU) 2015/35 (the UK Solvency II Delegated Act) of STS securitisation positions held by insurers and reinsurers with the regulatory capital treatment under the UK CRR of STS securitisation positions held by credit institutions and investment firms

For information on the UK CRR Amendment Regulation and the UK Solvency II Delegated Act Amendment Regulation, see Practice Note: UK regulatory capital treatment of securitisations under CRR and Solvency II from 1 January 2019.

Reform of the UK securitisation regime

The

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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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