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White Paper

Securitisation law reform: new perspectives for financing the Moroccan and wider African economy

Company: Clifford Chance

Clifford Chance case study

Category: Structured Products

Published: 15 May 2013

Format:

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Overview

The former securitisation act n°10-98 and act n°33-06 introduced a securitisation framework in 1999 comparable to the best international standards, in particular the former French securitisation act. But some constraints remained.

This new reform of act n°33-06 demonstrates Morocco's desire to provide a secure financial tool, which complements traditional financial methods, for the benefit of companies, investors and the Moroccan financial system as a whole. This reform allows Morocco to position itself as the destination of choice for the development of securitisation and Islamic Finance in Morocco and Africa.

 

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