# The Securitisation Regulations 2018 (revoked) S.I. 2018/1288 · made 3 December 2018 · revised to 27 February 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Introductory text Financial Services And Markets Made 3rd December 2018 Laid before Parliament 4th December 2018 Coming into force 1st January 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: Introductory provisions ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 References to technical standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Designation of competent authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Disciplinary measures and procedures ## 5 Temporary prohibition relating to management functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Temporary prohibition relating to management functions: obligations on originator, sponsor or SSPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Public censure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Financial penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Statements of policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Statements of policy: procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Restriction on penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 1: Third party verifiers ## 12 Application for authorisation to provide a third party verification service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Determination of an application for authorisation to provide a third party verification service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Temporary withdrawal of authorisation to provide a third party verification service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Temporary withdrawal of authorisation to provide a third party verification service: procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Cancellation of authorisation to provide a third party verification service on the initiative of the FCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Cancellation of authorisation to provide a third party verification service at request of third party verifier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Register of third party verifiers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Warning notices and decision notices ## 19 Warning notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Decision notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Temporary ban on STS notifications ## 21 Imposition of a temporary ban . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Procedure for the imposition, variation or revocation of a temporary ban on STS notifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 4: Right to refer to the Tribunal ## 23 Right to refer a matter to the Tribunal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Miscellaneous provisions ## 24 Consultation in relation to taking certain enforcement action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Transparency requirements for originators, sponsors and SSPEs of private securitisations – power of direction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Informing the FCA of STS notifications – power of direction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Application of the Act and secondary legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Minor and consequential amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 1: Application and modification of the Act and secondary legislation ## 1 Disciplinary powers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 The Tribunal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Information gathering and investigations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Disciplinary powers under Part 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Restrictions on disclosure of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Injunctions and restitution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Limitation on powers to require documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Consultation in relation to taking certain enforcement action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Penalties and fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Exemption from liability in damages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 The Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 2: Minor and consequential amendments to primary and secondary legislation ## 1 The Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 The Financial Services and Markets Act (Regulated Activities) Order 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 The Payment to Treasury of Penalties (Enforcement Costs) Order 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 The Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 The Public Interest Disclosure (Prescribed Persons) Order 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2018/1288 (the official version) Page: https://openlegislation.uk/securitisation-regulations-2018-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.