Malta’s legislation on securitisation cell companies (‘SCC’) came into force when it was published in the Malta Government Gazette on the 28 November 2014 (Legal Notice 411 of 2014).
The Securitisation Cell Company Regulations govern the establishment of SCCs for the purpose of securitisation transactions, including insurance securitisations.
SCCs are companies empowered to establish within themselves one or more cells for the purpose of securitisation transactions. Each cell is a separate patrimony of the cell, although it is not endowed with separate legal personality.
No prior regulatory approval is required for the establishment of SCCs or cells in SCCs, unless the company issues financial instruments to the public on a continuous basis or accepts insurance risks as part of an insurance securitisation transaction.
You may access a copy of the regulations by clicking here.
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