Regulation 30C - Minimum holding period

Minimum holding period requirement restricts when loans may be securitised, imposing predefined holding durations before issuance.

The regulation requires a special purpose distinct entity to securitise loans only after a minimum holding period, which commences on registration of the security interest with the Central Registry; where security is absent the period starts from first repayment, for project loans from commencement of commercial operations, for loans acquired by a transferor a six month holding applies from acquisition, and for commercial or residential mortgages the period runs from full disbursement or registration of security, whichever is later. The Board may specify additional minimum holding requirements for other debts or receivables.