Cap. 484 ст. 3Legal form of securitisation vehicle.

(1) A securitisation vehicle may be:

(a) a company, including an investment company;

(b) a commercial partnership;

(c) a trust created by a written instrument; or recognised by the competent authority.

(2) When a securitisation vehicle is established under this Act:

(a) the objects and purposes of such vehicle shall be limited to such matters which are necessary to carry out all or any transactions intended or required to implement or participate in a securitisation transaction and all related and ancillary acts including, without limitation, the acquisition, management and collection of credits and other receivables or other securitisation assets, the assumption of risks, the granting of secured loans, the issue of financial instruments or the borrowing of funds to finance the acquisition of assets or assumption of risks, the engagement of service providers to administer or support its activities and the entering into derivative instruments; and

(b) its constitutive document shall state expressly that it is a vehicle established subject to the provisions of this Act.