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November 2002 Issue

Bulletin

HIGHLIGHTS OF SECONDARY REGULATIONS ON FINANCIAL ASSET SECURITIZATION

Following the enactment of the Financial Assets Securitization Statute (Statute), the Ministry of Finance (MOF) promulgated several regulations to govern the issuance of beneficiary certificates by trustees and the issuance of asset-backed se-curities (ABSs) by special-purpose companies (SPCs). The Regulations Governing the Issu-ance of Beneficiary Certificates by Trustees and ABSs by SPCs (Issuance Regulations) regulate the ... More

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