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UK securitisation regime timeline (2024–2026): from assimilated EU Securitisation Regulation to FCA/PRA rules, key regulations and policy statements, STS capital treatment extension, and FSB reforms evaluation.

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This timeline shows key developments relating to the UK securitisation regime from January 2024 onwards

For earlier milestones, see EU and UK Securitisation Regulations—timeline [Archived]. On 1 November 2024, Assimilated Regulation (EU) 2017/2402 (the UK Securitisation Regulation) no longer applied in the UK, and new securitisation rules issued by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) came into effect. For insight into the revised UK framework, see Practice Note: The UK securitisation regime.

2026

  • 17 February 2026 — PRA/FCA
    CP2/26 – Reforms to securitisation requirements; CP26/6: Rules for reforming the UK Securitisation Framework; Applying the FSMA 2000 model of regulation to the Capital Requirements Regulation
    The PRA and FCA have opened consultations on changes to the UK securitisation framework. The FCA suggests simplifying reporting, disclosure and due diligence obligations. The PRA intends to lessen firms’ compliance load by making the regime less prescriptive and adjusting the capital treatment of loans under the Mortgage Guarantee Scheme. Feedback on both consultations is invited by 18 May 2026. See: LNB News 17/02/2026 19...
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Web page updated on 20/05/2026

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