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Brexit question

Category: ABS Regulation RMBS

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UK and EU STS regimes could diverge

The end of the Brexit transition period on 31 December 2020 will call into question the STS status of UK securitisations for EU investors and of EU securitisations for UK investors. At the moment, under the forthcoming UK STS regime, EU STS securitisations will benefit from a two-year grandfathering period after Brexit - although no equivalence for UK STS transactions exists under the EU’s STS regime.

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