The Act of 22 March 2004 on securitisation was amended in March 2022 to clarify the existing statutory framework, and make flexible adaptations that meet the requirements of the securitisation market.
"Over the past sixteen years, the Securitisation Act has helped confirm Luxembourg as a jurisdiction of choice for market participants that wish to set up a securitisation platform in Europe. Nonetheless, there was room for improvement in the statutory framework, which is why the Luxembourg legislature adopted the most recent amendments" says banking and finance partner Sara Gerling.
In this article published in the Luxemburg Times, Sara Gerling sheds light on some of the most important changes to the Securitisation Act.
Source: Luxembourg Times - June 2022