Content Options

View Options

special purpose vehicle

      1. (1) (in PR) (as defined in the PD Regulation) an issuer whose objects and purposes are primarily the issue of securities.34
      1. (2) (except in PR) a body corporate, explicitly established for the purpose of securitising assets, whose sole purpose (either generally or when acting in a particular capacity) is to carry out one or more of the following functions: 34
        1. (a) issuing designated investments, other than life policies;
        1. (b) redeeming or terminating or repurchasing (whether with a view to re-issue or to cancellation) an issue (in whole or part) of designated investments, other than life policies;
        1. (c) entering into transactions or terminating transactions involving designated investments in connection with the issue, redemption, termination or re-purchase of designated investments, other than life policies;510