In the absence of clear market standards on the sufficiency and level of detail of key disclosures for a securitisation vehicle when it comes to financial statements, our LuxCMA experts and members of the Best Practice – Accounting & Reporting sub-group have stepped in to fill this gap.
This new publication aims to provide clarity and advice to stakeholders using the financial statements of Financial Vehicle Corporations (FVCs). It also aims to harmonise the level of disclosure in the financial statements of FVCs across the market.