S.L. 386.16 Art. 23Public Securitisation Cell Companies approval procedure. Cap. 484.

A securitisation cell company which falls within the definition of a "public securitisation vehicle" in terms of article

19(1)(a) of the Securitisation Act as a result of the issuance of financial instruments to the public on a continuous basis in respect of one or more cells, shall comply with article 19 of the said Act in its entirety and with any directives issued thereunder.