This updated position paper has been prepared by the Securitisation Working Group and addresses certain specific issues raised by the Regulation (EU) 2017/2402 of 12 December 2017, hereafter referred to as the EU Securitisation Regulation, which is applicable from 1 January 2019 to securitisation transactions carried out on or after that date and is closely linked to market practice.

Our latest paper “CLOs: A New Dawn for Luxembourg” is now accessible to all our followers! Our Securitisation Working Group touches some interesting points regarding the amendment of the Luxembourg Securitisation Law and illustrates how its modernization is ushering in a new dawn for Luxembourg in CLOs securitisation.

Since the enactment of the Securitisation Law, Luxembourg has proven to be one of the prime locations for securitisation transactions in Europe and has become a hub for the setup of securitisation structures. For the purpose of exchanging views regarding the Luxembourg securitisation business, LuxCMA has set-up a specific task force dealing only with securitisation questions. The first output of this group is the "EU Securitisation Regulation Position Paper". It analyses certain recurrent questions raised in the context of the Securitisation Regulation and shares the views of the task force on these topics.