S.L. 386.16 Art. 30Risk transfer arrangements.

(1) A securitisation cell company may enter into one or more risk transfer arrangements in respect of a cell: Provided that all risk transfer arrangements attributable to an individual cell shall originate from a single ceding undertaking or from ceding undertakings belonging to the same group:

Provided further that all contractual arrangements relating to the transfer of risk from a ceding undertaking to the securitisation cell company and from the securitisation cell company to the providers of debt or financing shall clearly identify the cell to which the transfer of risk relates.

(2) A securitisation cell company may not enter into risk transfer arrangements in respect of the non-cellular assets of the cell company.