- Enforced by
- FCA
- Status
- In Force
- Penalty ceiling
- Regulated
Does it bind you?
Business-side roles with duties under this instrument.
Trustee2
Any Person1
Employer1
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Trustee — also bound by 120 other Acts
Any Person — also bound by 2684 other Acts
Human Medicines Regulations 2012
184 duties
Merchant Shipping Act 1995
144 duties
Insolvency (England and Wales) Rules 2016
104 duties
Communications Act 2003
92 duties
Road Traffic Act 1988
92 duties
Employer — also bound by 701 other Acts
TULRCA 1992
72 duties
What it requires
Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
s.008
Restriction on establishment of a securitisation special purpose entity
Regulated
- Do not use an offshore SSPE in a FATF high-risk jurisdictionEmployer
s.032
Due-diligence requirements for occupational pension schemes: before holding a securitisation position
Regulated
- Verify securitisation position before holding and conduct due diligenceTrustee
s.032
Due-diligence requirements for occupational pension schemes: ongoing requirements
Regulated
- Establish written procedures and continuously monitor securitisation positionsTrustee
s.038
Temporary prohibition relating to management functions: obligations on originator, sponsor or SSPE
Regulated
- Check no banned person manages your securitisation entityAny Person
57 other provisions — procedural and definitional
sch. a1
sch. a1
s.001
Citation and extent
s.002
Commencement
s.003
Interpretation
s.004
Activities specified as designated activities for purposes of FSMA 2000
s.005
FCA rules
s.006
Power of FCA to give directions
s.007
Directions: procedure
s.008
Matter to which FCA and PRA must have regard when making rules relating to securitisation
s.009
STS securitisations
s.010
STS notification requirements
s.011
Removal of STS securitisation from FCA list: procedure
s.012
Use of STS designation
s.013
Overseas simple, transparent and standardised securitisations regime
s.014
Registration of a securitisation repository
s.015
Application for registration
s.016
Examination of application
s.017
Register of securitisation repositories
s.018
Changes to conditions for registration
s.019
Withdrawal of registration
s.020
Notification of decision
s.021
Tribunal
s.022
Power of FCA to make rules in relation to securitisation repositories
s.023
Power of FCA to impose requirements
s.024
Interpretation of Part 6
s.025
Third party verifying STS compliance
s.026
Application for registration to provide third party verification service
s.027
Determination of application for registration to provide third party verification service
s.028
Register of third party verifiers
s.029
Temporary withdrawal of registration to provide third party verification service
s.030
Temporary withdrawal of registration to provide third party verification service: procedure
s.031
Withdrawal of registration to provide third party verification service on initiative of FCA
s.032
Withdrawal of registration to provide third party verification service at request of third party verifier
s.032
Interpretation of Part 7
s.032
Due-diligence requirements for occupational pension schemes: delegation of investment management decisions
s.033
Rules relating to due-diligence requirements of institutional investors
s.034
Due-diligence requirements of small registered UK AIFMs as institutional investors
s.035
Interpretation of Part 8
s.036
Monitoring and enforcement by FCA
s.036
Monitoring and enforcement by Pensions Regulator
s.037
Temporary prohibition relating to management functions
s.039
Imposition of temporary ban on STS notifications
s.040
Procedure for imposition, variation or revocation of a temporary ban on STS notifications
s.041
Public censure
s.042
Financial penalties
s.043
Warning notice
s.044
Decision notice
s.045
Consultation in relation to certain enforcement action
s.046
Statement of policy
s.047
Statement of policy: procedure
s.048
Restriction on penalties
s.049
Right to refer matters to Tribunal
s.050
Amendment or application with modifications of provisions of FSMA 2000 etc
s.051
Amendments of other legislation
s.052
Pre-2019 securitisations
s.052
Occupational pension schemes: savings relating to pre-commencement securitisations
s.053
Further transitional provisions
Schedules
Schedules
0 of 32 shown32 other schedules
s.sch001
FSMA 2000 is amended as follows.
s.sch001
(1) Part 11 of FSMA 2000 (information gathering and investigations)...
s.sch001
(1) Part 25 of FSMA 2000 (injunctions and restitution) applies...
s.sch001
(1) Part 26 of FSMA 2000 (notices), other than sections...
s.sch001
(1) Section 398 of FSMA 2000 applies in relation to...
s.sch001
Section 413 of FSMA 2000 (protected items) applies for the...
s.sch001
Section 415B of FSMA 2000 (consultation in relation to taking...
s.sch001
(1) Paragraphs 19 to 21 (penalties) of Schedule 1ZA to...
s.sch001
(1) Paragraphs 27 to 30 (penalties) of Schedule 1ZB to...
s.sch001
The Financial Services and Markets Act 2000 (Service of Notices)...
s.sch001
In section 39 (exemption of appointed representatives), in subsection (4)—...
s.sch001
In section 66A (misconduct: action by the FCA), in subsection...
s.sch001
In section 66B (misconduct: action by the PRA), in subsection...
s.sch001
In section 168 (appointment of persons to carry out investigations...
s.sch001
(1) Section 204A (meaning of “relevant requirement” and “appropriate regulator”...
s.sch001
In this Part of this Schedule “regulated person” has the...
s.sch001
(1) Part 9 of FSMA 2000 (hearings and appeals) applies...
s.sch001
(1) The provisions of Part 9A of FSMA 2000 listed...
s.sch002
Amendment to EMIR
s.sch002
Amendment to the Capital Requirements Regulation
s.sch002
Amendment to the Solvency 2 Delegated Regulation
s.sch002
Amendment to the Money Market Funds Regulation
s.sch003
(1) — In this Schedule “the EU-derived securitisation legislation” means—...
s.sch003
(1) Any direction given by the FCA or the PRA...
s.sch003
(1) On the main commencement day, the FCA must include...
s.sch003
(1) Where immediately before the main commencement day a temporary...
s.sch003
(1) This paragraph applies where, immediately before the main commencement...
s.sch003
Where immediately before the main commencement day a securitisation repository...
s.sch003
(1) This paragraph applies where, immediately before the main commencement...
s.sch003
(1) This paragraph applies where immediately before the main commencement...
s.sch003
(1) Where, immediately before the main commencement day, a temporary...
s.sch003
(1) The revocation of the EU-derived securitisation legislation does not...
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.