The Financial Conduct Authority (FCA) announces that it has assessed completeness and now reached the examination stage in the assessment process of applications received from Securitisation Repositories (SRs) under the UK Securitisation Regulation.
The obligation to report public securitisations within the scope of the UK Securitisation Regulation to a SR that is registered and supervised by us will apply as soon as one SR is registered. The FCA will inform market participants when the registration of the first SR(s) is completed. The FCA has 40 working days in which to examine the application for registration and, if favourable, the entity will be registered as a SR.
The FCA encourages reporting entities to take all necessary preparatory measures to comply with their reporting obligations to a SR.