Resources for UK Investors (MCAS)
This information is intended to provide institutional investors located in the United Kingdom ("UK Institutional Investors") with resources to support their compliance with the UK Securitization Regulation (Regulation (EU) 2017/2402, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, referred to herein as the "Securitization Regulation"). Specifically, it describes how UK Institutional Investors or those managing funds subject to UK regulations can map the information disclosed for Fannie Mae's Multifamily Connecticut Avenue Securities® (MCAS) deals to certain investor due diligence requirements. Additionally, although Fannie Mae is not directly subject to the Securitization Regulation, this page also provides information regarding the obligations imposed on "originators".
UK Institutional Investors should note that Fannie Mae makes no representation and provides no assurance about the suitability or completeness of the published information in relation to any investor due diligence requirements or the application of any specific provisions of the Securitization Regulation to a non-UK securitization. UK Institutional Investors must independently verify and assess the published information with respect to the suitability or completeness required for purposes of such investors' compliance with any applicable due diligence framework or other regulation. UK Institutional Investors should consult with their own legal, accounting, and other advisors regarding the sufficiency of this information for their purposes.
Article 5 – Due Diligence Requirements
Article 6 – Risk Retention Requirements
Article 7 – Transparency Requirements
Article 8 – Ban on Re-securitizations
Article 9 – Criteria for credit-granting
* PLEASE NOTE: References to third-parties, are provided for information only; Fannie Mae does not specifically endorse any third-parties or their products/services. Fannie Mae is not responsible for the content or accuracy of external third-party websites.