Securitisation Regulation: PRA and FCA joint statement on reporting of private securitisations

The Prudential Regulation Authority and Financial Conduct Authority have issued a joint statement setting out how they propose to direct the manner in which firms must make information regarding ‘private’ securitisations available to the UK competent authorities. This direction is intended to apply to all UK established originators, sponsors and Securitisation Special Purpose Entities (SSPEs) from 15 January 2019.