The HM Treasury on April 22, 2024, published the draft Securitisation (Amendment) Regulations 2024 (the "Draft SI Amendment") as part of the continued process of replacing the retained EU Securitisation Regulation (which was onshored in the UK following the end of the Brexit transition period) with a regulatory regime tailored to the UK. Once in force, the Draft SI Amendment will amend the UK Securitisation Regulations (S.I. 2024/102) that were made on January 29, 2024 (the "SI").