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New reporting obligations for Luxembourg securitisation vehicles

March 2009 - Finance. Legal Developments by Loyens & Loeff.

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Recognising the close links between the securitisation activities of financial vehicles corporations engaged in securitisation transactions (FVCs) and monetary financial institutions, the European Central Bank (ECB) has adopted on December 19, 2008 Regulation (EC) No 24/2009 concerning statistics on the assets and liabilities of FVCs (the ECB Regulation).

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