{
  "url": "https://openlegislation.uk/draft-securitisation-amendment-no-2-regulations-2024/note",
  "json_url": "https://openlegislation.uk/draft-securitisation-amendment-no-2-regulations-2024/note.json",
  "legislation": "ukdsi/2024/9780348263954",
  "legislation_title": "The Securitisation (Amendment) (No. 2) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-securitisation-amendment-no-2-regulations-2024",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nRegulation 12(3) of the Securitisation Regulations 2024 (S.I. 2024/102) (“the Securitisation Regulations”) defines a qualifying EU securitisation which may use the STS (simple, transparent and standardised) designation in the UK. Regulation 12(3)(b) of the Securitisation Regulations requires applicable securitisations to be notified to the European Securities and Markets Authority before the relevant time, stated in regulation 12(5) to be 11 p.m. on 31st December 2024. These Regulations amend regulation 12(5) of the Securitisation Regulations to extend this deadline to 11 p.m. on 30th June 2026.\nA full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen. A de minimis impact assessment of the effect of these Regulations is available from HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and is published alongside these regulations on www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348263954/note",
    "retrieved_at": "2026-10-30T14:40:41.884209+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}