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ARTICLE · 14 APRIL 2016

意大利银行实行新举措允许证券化特殊目的实体公司发放贷款（英文版）

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The new provisions allowed securitization vehicles to grant loans to entities other than individuals and microenterprises without the necessity of any further license, subject to implementing regulations to be issued by the Bank of Italy.

ItalyFinance and Banking
Francesco Squerzoni
Francesco Squerzoni
Vinicio Trombetti
Vinicio Trombetti
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On March 8, 2016, after a public consultation process, the Bank of Italy published the implementing measures relating to the supervisory regulations for loans granted by securitization vehicles incorporated under the Italian securitization law (Law No. 130 of April 30, 1999).

The new provisions—introduced into Law 130 in 2014—allowed securitization vehicles to grant loans to entities other than individuals and microenterprises without the necessity of any further license, subject to implementing regulations to be issued by the Bank of Italy.

Pursuant to the Italian securitization law, as now implemented by the new measures of the Bank of Italy, special purpose vehicles ("SPVs") may grant loans to a wider range of borrowers upon satisfaction of certain conditions, in particular:

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