# The Securitisation Regulations 2024, Regulation 8A: Restriction on establishment of a securitisation special purpose entity


(1) The originator and sponsor in relation to a securitisation must ensure that the securitisation is not carried out by means of a securitisation special purpose entity that is established in a country or territory outside the United Kingdom that is for the time being listed by the Financial Action Task Force as a high-risk jurisdiction subject to—
(a) a call on members to apply proportionate enhanced due diligence measures, or
(b) a call on members and other jurisdictions to apply countermeasures.
(2) An institutional investor must not invest in a securitisation carried out by means of a securitisation special purpose entity that is established in a country or territory outside the United Kingdom to which paragraph (1) applies.

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Source: https://www.legislation.gov.uk/uksi/2024/102/regulation/8A (the official version)
Page: https://openlegislation.uk/securitisation-regulations-2024/regulation-8A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.