Flexible private/intermediate portfolio holding or investment
vehicles
Introduction
With over 1,000 securitisation vehicles (SVs)
and thousands of related compartments, the Luxembourg
securitisation market enjoys a continuous and steady growth, and it
is forecast that this well-established trend will continue and gain
further strength in the coming years. As a leading hub in Europe
for securitisation and structured finance transactions, Luxembourg
indeed 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 has developed in practice arising from 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
