Draft statutory instruments: securitisation and insurance-linked securities arrangements

We are seeking views on 2 draft statutory instruments:

• The Taxation of Securitisation Companies (Amendment) Regulations 2022
• The Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations 2022

The government consulted on making changes to clarify or reform certain aspects of the taxation of securitisation companies and the Stamp Duty loan capital exemption as it applies to securitisations and to insurance-linked securities.

You can read the consultation on the reform of the taxation of securitisation companies, published on 23 March 2021, including the summary of responses, published on 30 November 2021, with this consultation.

The proposed regulations in the draft statutory instruments are designed to implement the government’s policy decisions in relation to 3 of the areas identified in the summary of responses.

This technical consultation aims to gather feedback from stakeholders on the drafting of the statutory instruments to make sure they deliver the policy correctly and effectively.

It will be of particular interest to taxpayers, investors, advisers and tax professionals concerned with securitisations or insurance-linked securities.

An explanation of the content of the draft statutory instruments is included in the draft explanatory memoranda on this page and the tax information and impact notes on GOV.UK.