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ARTICLE · 02 SEPTEMBER 2021

10 Changes Transforming Luxembourg's Securitisation Market

Ocorian
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Luxembourg is enhancing its appeal as a destination for securitisation transactions by amending its highly successful 2004 Securitisation Law. Head of Capital Markets - Luxembourg, Sandra Bur summarises 10 of the key changes.

LuxembourgCorporate/Commercial Law
Sandra Bur
Sandra Bur

Luxembourg is enhancing its appeal as a destination for securitisation transactions by amending its highly successful 2004 Securitisation Law. Head of Capital Markets - Luxembourg, Sandra Bur summarises 10 of the key changes.

Luxembourg's securitisation market has often been cited for its flexibility and security. These attributes have made it a significant European hub for securitisation transactions, with over 1,300 active securitisation vehicles containing more than 8,000 compartments and controlling roughly EUR400 billion in AUM.

Luxembourg's Securitisation Law (the "Law") of 22 March 2004 provides the framework for the market's success and is now undergoing some long-awaited changes and clarifications. Draft bill number 7825 (the "Draft Bill") was submitted on 21 May 2021 and further develops the flexibility and relevance of Luxembourg's securitisation vehicles.

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