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    PRA and FCA Issue Statement on Reporting of Private Securitizations

    December 20, 2018

    PRA and FCA issued a statement on how they propose to direct the manner in which firms must make information regarding "private" securitizations available to their UK competent authorities. The proposed template to be used for notifying PRA and FCA has also been published. This direction is intended to apply to all UK-established originators, sponsors, and securitization special purpose entities (SSPEs) from January 15, 2019. The related securitization legislation came into effect on January 01, 2019.

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    Effective Date: January 15, 2019

    Keywords: Europe, UK, Banking, Securities, Securitization Regulation, Securitization Framework, Reporting, Private Securitizations, FCA, PRA

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