Regulation 8 Matter to which FCA and PRA must have regard when making rules relating to securitisationI1

United Kingdom

(1)

The coherence of the overall framework for the regulation of securitisation is specified for the purposes of section 138EA of FSMA 2000^f1 (matters to consider when making rules).

(2)

The specification under paragraph (1) applies to the following—

(a)

the power of the FCA to make designated activity rules by virtue of regulation 5,

(b)

the power of the FCA to make rules under any provision of these Regulations,

(c)

the power of the FCA to make rules under section 137A of FSMA 2000^f2 relating to securitisation, and

(d)

the power of the PRA to make rules under section 137G of FSMA 2000^f3 relating to securitisation.

Annotations

Commencement

I1: Reg. 8 in force at 30.1.2024, see reg. 2(1)(c)

Footnotes

f1: Inserted by section 31(2) of the Financial Services and Markets Act 2023.
f2: Inserted by section 24(1) of the Financial Services Act 2012.
f3: Inserted by section 24(1) of the Financial Services Act 2012.