S.L. 386.16 Art. 6Creation of cells.

(1) Without prejudice to regulations 22, 24 and 32, a securitisation cell company may only create cells by means of a resolution of the board of directors of the securitisation cell company to create a new cell for the purpose of entering into transactions referred to in regulation 4(1).

(2) Each cell of a securitisation cell company shall have its own distinct name or designation which shall include the word "cell".