Schedule 2: Transitional amendments Part 3 – Amendments to the EU Securitisation Regulation 2017 Paragraphs 34 to 43: Minor and consequential amendments
Paragraphs 34 to 43 make minor and consequential amendments including:
Replacing reference to ‘third country’ with reference to ‘country or territory outside the United Kingdom’ in the UK Securitisation Regulation and the Securitisation Regulations 2018 (SI 2018/1288);
Revoking the requirement for HM Treasury to review the UK Securitisation Regulation in relation to whether an equivalence regime should be introduced in the area of STS securitisations, because this review has been completed and new Article 28A inserts such a regime; and
To ensure STS equivalent non-UK securitisations receive the same prudential treatment as UK STS securitisations in the CRR and Solvency II.