Company: Clifford Chance
Category: Structured Products
Published: 15 May 2013
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.