Article
The United Kingdom Consults On Significant Changes To Its Securitisation Framework
The UK is undertaking a significant overhaul of its securitisation regime, moving from prescriptive rules to a principles-based framework that would ease investor verification burdens, simplify transparency requirements, and introduce targeted exemptions. The proposed reforms by the FCA and PRA aim to reduce compliance costs and provide greater flexibility for UK investors, though they may increase divergence from EU securitisation rules and complicate cross-border transactions.
Cadwalader, Wickersham & Taft LLP