As of 1 November 2024, the New UK Securitisation Framework has replaced the previous EU-derived UK securitisation regime, introducing nuanced updates rather than a complete overhaul. While many foundational elements remain unchanged, this new framework, largely detailed in rules set out by the FCA and PRA, includes several key exceptions and distinctions, especially in areas like investor due diligence and risk retention.
This article provides a timely overview of these regulatory shifts, the framework’s application scope, and considerations for compliance, as well as insights into anticipated future changes in the UK’s securitisation landscape.