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ARTICLE · 24 FEBRUARY 2015

Securitisation Cell Companies Regulations

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A Securitisation Cell Company (SCC) is a company constituted or converted as such and creating within itself one or more cells for the purposes of segregating and protecting the cellular assets of the company.

MaltaFinance and Banking
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The Securitisation Cell Companies Regulations (S.L. 386.16) which were enacted on the 28th November 2014 regulate the establishment of a single legal entity empowered to establish one or more cells for the purpose of securitisation transactions.

A Securitisation Cell Company (SCC) is a company constituted or converted as such and creating within itself one or more cells for the purposes of segregating and protecting the cellular assets of the company. A SCC is at all times a single legal person and the creation by a SCC of a cell does not create, in respect of that cell, a legal person separate from the SCC.  

A SCC can be set up either for the purpose of entering into securitisation transactions in accordance with the Securitisation Act (Cap. 484 of the Laws of Malta); or assuming risks as a reinsurance special purpose vehicle from a ceding undertaking through reinsurance contracts or assuming insurance risks through similar arrangements in accordance with the

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