UK Securitisation - Welcome Proposals Represent Divergence From the EU Position

The Financial Conduct Authority (FCA)’s CP 26/6 “Rules for reforming the UK Securitisation Framework” appeared on Tuesday morning setting out 47 questions for consideration. There was also a parallel consultation from the PRA, CP2/26 – “Reforms to securitisation requirements”. They intend to produce the same outcome, and the FCA reassures us that any differences in drafting style “are not reflective of a divergence in policy intentions between the two authorities”. The proposals are likely to be... By: DLA Piper