The Securitisation Regulation and related amendment to the Capital Requirements Regulation (CRR) came into effect on 18 January 2018. Most of their provisions came into effect on 1 January 2019. We have consulted on a number of changes to ensure that our Handbook is consistent with the directly applicable EU Securitisation Regulation and CRR amendment.
In this Consultation Paper we proposed new application and periodic fees for the authorisation of Third Party Verifiers (TPVs) under the Securitisation Regulation. These proposals were based on the requirements of the draft European Regulatory Technical Standards and on our existing framework for setting fees.
This consultation will be of interest to:
This consultation is now closed. The Policy Statement (PS18/25) making final rules was published on 19 December 2018.
See our Consultation Paper (CP18/30) on how we proposed to amend the Decision Procedures and Penalties Manual (DEPP) and Enforcement Guide (EG) to reflect the changes introduced by the EU Securitisation Regulation and ahead of the implementing SI that HMT has now laid before Parliament.