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ARTICLE · 22 AUGUST 2023

FCA Consultation Paper On UK Securitisation Rules

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On 7 August 2023 the Financial Conduct Authority (the "FCA") published a consultation paper (the "FCA CP")1 setting out its proposed rules for the UK securitisation markets...

United KingdomFinance and Banking
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On 7 August 2023 the Financial Conduct Authority (the "FCA") published a consultation paper (the "FCA CP")1 setting out its proposed rules for the UK securitisation markets. The FCA CP contains a proposed legal instrument which includes the proposed rules, together with related technical standards and their annexes.

The FCA CP follows the publication of the near-final draft statutory instrument and an accompanying policy note published by the Treasury on 10 July 20232 (the "SI") and a consultation paper published by the Prudential Regulation Authority (the "PRA") on 27 July 2023 (the "PRA CP").3 For further details on the SI and the PRA CP, please see our briefings on the Reform of the UK Securitisation Regulatory Framework and on the PRA Consultation Paper.

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