Publication of the consultation paper (CP) setting out FCA's proposed rules to replace the firm-facing provisions from the UK Securitisation Regulation (UK SR)

On 7 August 2023, FCA will publish a consultation paper (CP) setting out proposed rules to replace the firm-facing provisions from the UK Securitisation Regulation (UK SR) which are being transferred into our Handbook.

This CP should be read alongside the Treasury’s near-final draft of a Statutory Instrument, which will keep part of the UK SR in new legislation.

Supervisory responsibility for the UK SR is currently shared primarily between us and the Prudential Regulation Authority (PRA).

The PRA has published its own CP on proposed rules to replace firm-facing requirements in the UK SR, which it has supervisory responsibility for.