With the publication this month of the Commencement Order revoking the existing regulatory regime for UK securitisation, we now have confirmation that the new UK securitisation framework will apply from 1 November 2024. Whilst the substance of the rules remains unchanged in most respects, there are some important points of difference for market participants to be aware of and a new regulatory framework in which the rules will continue to evolve. In this briefing note, we explore some key aspects of the new regime and look ahead to expected future developments.
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