New Polish legislation on investment funds, designed to fall in line with European Union rules, may make public government ABS easier in the future, said market sources.
Details on how the bill will be incorporated are still sketchy because the bill is currently under government review and only excerpts have been released to securitization industry participants. "We have only just received the official draft; the complete draft will depend on what the Minister of Finance has to say about tax legislation on these investment funds," said one market source.
At this point, Poland's security regulator KPWiG has submitted the drafted proposal to the government. …
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