1. The assignee, or the company issuing the instruments, if different from the assignee, has as exclusive object the performance of one or more securitisation transactions.
2. The credits relating to each transaction constitutes an asset separate from the assets of the company and those relating to other transactions. In respect of each asset no actions are permitted by other creditors different from the holders of the instruments issued for financing the purchase of the credits.
3. The provisions of Title V of the Consolidated Text of Banking Laws, with the exclusion of Article 106, paragraphs 2 and 3, letters b) and c) as well as the related sanctions provided for in Title VIII of the Consolidated Text, are applicable to the assignee and to the company issuing the financial instruments.
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