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ARTICLE · 26 DECEMBER 2022

Proposed Reforms To The UK Securitisation Regulatory Framework

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The Edinburgh Reforms to financial services regulation announced by the UK Government on 9 December 2022 include proposals for reform of the UK securitisation framework.

United KingdomFinance and Banking
Dominic Griffiths
Dominic Griffiths
Neil Hamilton
Neil Hamilton
Ronan Mellon
Ronan Mellon
David O’Connor
David O’Connor
Musonda Kapotwe
Musonda Kapotwe
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The Edinburgh Reforms to financial services regulation announced by the UK Government on 9 December 2022 include proposals for reform of the UK securitisation framework. These proposals take the form of an illustrative statutory instrument (the "SI")1 and an associated policy note (the "Policy Note")2.

The draft SI and the Policy Note are intended to illustrate how the powers in the Financial Services and Markets Bill will be used to implement reform of the UK Securitisation Regulation.

The main effect of the proposals will be to shift most of the substantive rules on UK securitisation regulation from legislation to the Financial Conduct Authority ("FCA") and Prudential Regulation Authority ("PRA") rulebooks.

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