Notification of securitisation servicing agreement

ASIC has published the form (CL13) in which notice must be given to ASIC when a registered person or credit licensee :

  • enters into a servicing agreement with a special purpose funding entity (notification of agreement); or
  • ceases a servicing agreement with a special purpose funding entity (notification of cessation); or
  • is given certain directions by a person who is a position to control or influence the special purpose funding entity (notification of action).

Notice of a servicing agreement entered before 1 July 2010 must be given within 30 business days after 1 July 2010 (ie 11 August 2010).

Notice of a servicing agreement entered into on or after 1 July 2010 must be given within 20 business days after entry into the agreement.

 

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