Month: December 2018

These Regulations are made in relation to Regulation (EU) No 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (OJ No L 347, 28.12.2017, p.1.) (the “EU Securitisation Regulation 2017”). The EU Securitisation Regulation 2017 harmonises and reforms existing rules on due diligence, risk retention, disclosure and credit-granting which will apply in a uniform way to all securitisations, securitising entities and all types of EU regulated institutional investors and creates a new framework for simple, transparent and standardised (“STS”) long-term securitisations and asset-backed commercial paper programmes.

Link: The Securitisation Regulations 2018
Source: Legislation .gov.uk

This Order designates the bodies listed in the Schedule in relation to the financial year ending on 31st March 2018 for the purposes of the Government Resources and Accounts Act 2000. The effect of designation is that these bodies are required to prepare and present to the Treasury such financial information in relation to that financial year as the Treasury require to enable them to prepare Whole of Government Accounts.

Link: The Whole of Government Accounts (Designation of Bodies) Order 2018
Source: Legislation .gov.uk