Securitisation Guide: Issuing Asset Covered Securities - A summary of the legislation and process, May 2007
31.05.2007
In response to the growing market for asset covered securities in Europe, Ireland introduced legislation in 2001 specifically to provide for the issue of Asset Covered Securities. The Asset Covered Securities (Amendment) Act, 2007 (the "Amendment Act") amends the Asset Covered Securities Act 20011. These amendments enhance Ireland's position in the highly competitive, innovative covered bond market. [Please also refer to the accompanying publication "Securitisation Brief: Key Changes to the Asset Covered Securities Act 2001 introduced by the Asset Covered Securities (Amendment) Act 2007, May 2007", also on this website.]
