CP19/1: Recovering the costs of regulating securitisation repositories after the UK leaves the European Union

Open consultation: CP19/1
Consultation closes
Handbook Notice
March 2019
March 2019

This paper sets out the fees structure we intend to establish for securitisation repositories (SRs) when responsibility for their regulation passes to us from ESMA (European Securities and Markets Authority) after the UK leaves the EU (European Union) on 29 March 2019. SRs are established under the Securitisation Regulation and none have yet been formed.

Read CP19/1 (PDF)

Our proposals for SRs are integrated into the structure we have developed for credit rating agencies (CRAs) and trade repositories (TRs). The regulation of CRAs and TRs will also pass to us from ESMA when the UK leaves the EU and we consulted on our proposals in chapter 2 of CP18/34.

Who this applies to

This Consultation Paper applies to any firms which are considering setting up securitisation repositories. It may also be of interest to trade repositories and credit rating agencies.

What you need to do

Please send us your comments by 11 February 2019.

Online response form

You can also:

  • email your responses to [email protected] or
  • write to: David Cheesman, Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN

Next steps

We will consider your comments and publish our feedback, along with our rules, in our Handbook Notice in March 2019.