Introduction
With over 1,000 securitisation vehicles (SVs)
and thousands of related compartments, the Luxembourg
securitisation market has enjoyed a continuous and steady growth.
It is also forecast that this well-established trend will continue
to gain further strength in the coming years.
As a leading hub in Europe for securitisation and structured
finance transactions, Luxembourg offers a pragmatic and secure
legal and tax regime which allows the securitisation of virtually
an unlimited range of risks, through different forms of SVs with
reduced complexities and almost full tax neutrality.
The regime that developed in practice following the statutory
framework created by the Luxembourg Securitisation Law of 22 March
2004, as amended from time to time, (the Securitisation
Law) and the regulatory guidance issued by the Luxembourg
Financial Sector Supervisory Authority (the CSSF)
in the form of published Q&As has therefore led to a widespread
market usage of SVs
