FCA and PRA Publish Final Securitisation Rules: Key Points

Firms will need to update their internal procedures and ensure they are ready to comply with the new requirements ahead of 1 November 2024.

HM Treasury (HMT), the Financial Conduct Authority (FCA), and the Prudential Regulation Authority (PRA) have fired the starting gun for the race to 1 November 2024, when the new UK securitisation framework will commence. HMT, the FCA, and the PRA decided to implement the new rules on 1 November 2024 in response to requests from market participants for a six-month period to give them time to prepare.