The popularity of Maltese special purpose vehicles (SPVs) for
securitisation transactions has grown significantly in recent
years. A regulatory safe harbour for non-public issues by
securitisation vehicles, statutory bankruptcy remoteness and true
sale, specifically tailored tax rules and Malta's large network
of double tax agreements has attracted the interest of a diverse
group of international originators and sponsors that have chosen to
domicile their SPV in Malta for transactions involving a number of
different asset-classes.
The securitisation market in Malta has experienced strong growth
over the past few years, in large part based on an innovative and
flexible legal framework for securitisation vehicles and
securitisation transactions.
