{
  "url": "https://openlegislation.uk/securitisation-regulations-2024",
  "json_url": "https://openlegislation.uk/securitisation-regulations-2024.json",
  "id": "uksi/2024/102",
  "title": "The Securitisation Regulations 2024",
  "long_title": "These Regulations specify certain securitisation activities as “designated activities” for the purposes of the Financial Services and Markets Act 2000 (see Part 5A) (c. 8) and confer powers on the Financial Conduct Authority (“FCA”) to make rules and give directions in relation to these activities. The activities are acting as an originator, sponsor, original lender or securitisation special purpose entity in a securitisation and selling a securitisation position to a retail client in the United Kingdom.",
  "citation": "S.I. 2024/102",
  "type": "uksi",
  "year": "2024",
  "number": "102",
  "version": "current",
  "date": "2024-01-29",
  "revised": true,
  "valid_from": "2024-11-22",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 3,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "Introductory",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and extent",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Commencement",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "Designated activities",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Activities specified as designated activities for purposes of FSMA 2000",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "FCA rules",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Power of FCA to give directions",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Directions: procedure",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "Matters to consider when making rules",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Matter to which FCA and PRA must have regard when making rules relating to securitisation",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "part/3A",
      "kind": "part",
      "number": "3A",
      "heading": "Restriction on establishment of a securitisation special purpose entity",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/8A",
      "kind": "regulation",
      "number": "8A",
      "heading": "Restriction on establishment of a securitisation special purpose entity",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-8A",
      "extent": null,
      "status": null,
      "parent": "part/3A"
    },
    {
      "path": "part/4",
      "kind": "part",
      "number": "4",
      "heading": "Simple, transparent and standardised securitisations",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "STS securitisations",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "STS notification requirements",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Removal of STS securitisation from FCA list: procedure",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Use of STS designation",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Overseas simple, transparent and standardised securitisations regime",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "part/5",
      "kind": "part",
      "number": "5",
      "heading": "Securitisation repositories",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Registration of a securitisation repository",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Application for registration",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Examination of application",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Register of securitisation repositories",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Changes to conditions for registration",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Withdrawal of registration",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Notification of decision",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Tribunal",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Power of FCA to make rules in relation to securitisation repositories",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Power of FCA to impose requirements",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "part/6",
      "kind": "part",
      "number": "6",
      "heading": "Registration of third party verifying STS compliance",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Interpretation of Part 6",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Third party verifying STS compliance",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Application for registration to provide third party verification service",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Determination of application for registration to provide third party verification service",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-27",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Register of third party verifiers",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Temporary withdrawal of registration to provide third party verification service",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-29",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/30",
      "kind": "regulation",
      "number": "30",
      "heading": "Temporary withdrawal of registration to provide third party verification service: procedure",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/31",
      "kind": "regulation",
      "number": "31",
      "heading": "Withdrawal of registration to provide third party verification service on initiative of FCA",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "regulation/32",
      "kind": "regulation",
      "number": "32",
      "heading": "Withdrawal of registration to provide third party verification service at request of third party verifier",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-32",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "part/7",
      "kind": "part",
      "number": "7",
      "heading": "Due-diligence requirements",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/32A",
      "kind": "regulation",
      "number": "32A",
      "heading": "Interpretation of Part 7",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-32A",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/32B",
      "kind": "regulation",
      "number": "32B",
      "heading": "Due-diligence requirements for occupational pension schemes: before holding a securitisation position",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-32B",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/32C",
      "kind": "regulation",
      "number": "32C",
      "heading": "Due-diligence requirements for occupational pension schemes: ongoing requirements",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-32C",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/32D",
      "kind": "regulation",
      "number": "32D",
      "heading": "Due-diligence requirements for occupational pension schemes: delegation of investment management decisions",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-32D",
      "extent": null,
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/33",
      "kind": "regulation",
      "number": "33",
      "heading": "Rules relating to due-diligence requirements of institutional investors",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "regulation/34",
      "kind": "regulation",
      "number": "34",
      "heading": "Due-diligence requirements of small registered UK AIFMs as institutional investors",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/7"
    },
    {
      "path": "part/8",
      "kind": "part",
      "number": "8",
      "heading": "Monitoring, disciplinary measures and procedures",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/35",
      "kind": "regulation",
      "number": "35",
      "heading": "Interpretation of Part 8",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/36",
      "kind": "regulation",
      "number": "36",
      "heading": "Monitoring and enforcement by FCA",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-36",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/36A",
      "kind": "regulation",
      "number": "36A",
      "heading": "Monitoring and enforcement by Pensions Regulator",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-36A",
      "extent": null,
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/37",
      "kind": "regulation",
      "number": "37",
      "heading": "Temporary prohibition relating to management functions",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-37",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/38",
      "kind": "regulation",
      "number": "38",
      "heading": "Temporary prohibition relating to management functions: obligations on originator, sponsor or SSPE",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/39",
      "kind": "regulation",
      "number": "39",
      "heading": "Imposition of temporary ban on STS notifications",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/40",
      "kind": "regulation",
      "number": "40",
      "heading": "Procedure for imposition, variation or revocation of a temporary ban on STS notifications",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/41",
      "kind": "regulation",
      "number": "41",
      "heading": "Public censure",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-41",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/42",
      "kind": "regulation",
      "number": "42",
      "heading": "Financial penalties",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-42",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/43",
      "kind": "regulation",
      "number": "43",
      "heading": "Warning notice",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-43",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/44",
      "kind": "regulation",
      "number": "44",
      "heading": "Decision notice",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-44",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/45",
      "kind": "regulation",
      "number": "45",
      "heading": "Consultation in relation to certain enforcement action",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-45",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/46",
      "kind": "regulation",
      "number": "46",
      "heading": "Statement of policy",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-46",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/47",
      "kind": "regulation",
      "number": "47",
      "heading": "Statement of policy: procedure",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-47",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/48",
      "kind": "regulation",
      "number": "48",
      "heading": "Restriction on penalties",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-48",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "regulation/49",
      "kind": "regulation",
      "number": "49",
      "heading": "Right to refer matters to Tribunal",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-49",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/8"
    },
    {
      "path": "part/9",
      "kind": "part",
      "number": "9",
      "heading": "Application of provisions of FSMA 2000 etc and consequential amendments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/50",
      "kind": "regulation",
      "number": "50",
      "heading": "Amendment or application with modifications of provisions of FSMA 2000 etc",
      "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-50",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/9"
    },
    {
      "path": "regulation/51",
      "kind": "regulation",
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      "affecting_title": "The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026",
      "affecting_provisions": "reg. 23(b)(ii)"
    },
    {
      "type": "words inserted",
      "affected_provisions": "reg. 3(1)",
      "affecting": "uksi/2026/480",
      "affecting_title": "The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026",
      "affecting_provisions": "reg. 23(a)"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/102",
    "retrieved_at": "2026-10-28T21:35:26.902265+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}