Post-Brexit law intended to clarify securitization could fragment market

Brexit_AdobeStock_575x373_21Feb20
By Tom Brown
24 Feb 2020

An amendment to the UK Securitization law is set to come into effect at the end of 2020 when the Brexit transition period ends, clearing up confusion around the definition of sponsor in a move that could see the UK and the EU regimes diverge, said Mayor Brown in a notice released Thursday.

Hundreds of EU laws relevant to the UK have been placed into a legal category called “retained EU law”, waiting to become UK legislation following the completion of Brexit at the end of 2020. One of these laws is the UK Securitisation Regulations 2019 which would transition responsibility ...

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