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The Securitisation Regulations 2023
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Securitisation Regulations 2024 No. 102
Amendment to EMIR
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1. In Article 4 of EMIR(1) (clearing obligation) in paragraph 5A(a)—
(a)the words from “a securitisation notified as STS” to the end become paragraph (i);
(b)at the end of that paragraph insert—
“; or
(ii)an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2023.”.
(1)
EUR 2012/648. Article 4(5A) was inserted by S.I. 2019/660 and amended by S.I. 2020/1301 and 2022/1223.
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