The Securitisation Cell Companies Regulations 2014 [SCC Regulations] were published in the Government Gazette on the 28th November 2014, and are now in force. These Regulations provide a statutory framework for the segregation of different sets of assets, tailored for the launch of multiple securitisation transactions or activities of reinsurance special purpose vehicles without incurring any risk of cross-contamination between the different sets of creditors and investors.
These Regulations were issued following a consultation period between the 4th and the 24th September 2014. The SCC Regulations, as well as the related consultation document and feedback statement are accessible on the MFSA website. The Authority is currently in the process of issuing an information flyer intended to assist any persons interested in incorporating a securitisation cell company. Any queries regarding the above stated Regulations may be directed to Dr. Emaliese Lofaro via email.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
