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The Securitization Act of 2004

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Summary

The Securitization of Act of 2004 provides the regulatory framework for securitization and granting for the purpose of exemptions from the operation of certain laws. Discussed in the Act are the following topics: special purpose entity, the servicer, tax and other related issues, secondary mortgage institution, rating system, and penal and miscellaneous provisions. The Securitization act also requires the servicer to submit periodic reports.

Thumbnail image for The Securitization of Act of 2004 provides the regulatory framework for securitization and granting for the purpose of exemptions from the operation of certain laws. Discussed in the Act are the following topics: special purpose entity, the servicer, tax and other related issues, secondary mortgage institution, rating system, and penal and miscellaneous provisions. The Securitization act also requires the servicer to submit periodic reports.
Issuer

Philippines

Year

2007

Region

Asia

Issuer (type)

Securities and Exchange Commission (Financial Regulator)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Retail trade
  • Wholesale trade
  • Transportation & Warehousing
Restrictiveness

Low

Sustainable Development Goals (SDGs)
  • SDG 10: Reduced Inequality

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