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09 June 2021 / article

Two Years Down the Road: Is the Relationship Between Debt Funds and the Securitisation Regulation Still Foggy?

It has now been two years since Regulation (EU) No. 2017/2402 of 12 December 2017, laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the Securitisation Regulation), entered into force. Although the legal market has become more sophisticated in the interpretation of its provisions and some implementing and delegated acts have been adopted, providing long awaited details as to the disclosure obligations, there is still a proverbial elephant in the room.

ICLG securitisation Luxembourg 2021

In this article published in International Comparative Legal Guide : Securitisation 2021, our experts assess whether the Securitisation Regulation should be applicable to AIFs as issuers and securitisation special purpose entities.

You can also download the Luxembourg chapter pdf here.

Publication of revised guidelines by Asset Management Association of Switzerland

Publication of revised guidelines by AMA of Switzerland

The amended guidelines will enter into force on 1 January 2022 but still require formal recognition by FINMA. read more
Further guidance from the ECJ on VAT exemption for the management of special investment funds

Further guidance from the ECJ on VAT exemption

The ‘management of special investment funds’ may under certain conditions also encompass tax-compliance services. read more
International Insolvency & Restructuring Report 2021/22 - External column

Struggles of creditors in Luxembourg bankruptcy proceedings

International creditors face challenges when it comes to bankruptcy proceedings. Here are the key elements to carefully check in such situations. read more