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mercredi 12 décembre 2012
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Fax du mercredi 12 décembre 2012 - Tous les titres

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Commission de Surveillance du Secteur Financier: ARM Asset Backed Securities S.A.

We refer to our press release 11/48 of 13 December 2011, informing that on 29 November 2011 ARM Asset Backed Securities S.A. (“ARM”) lodged a petition (recours administratif) with the Luxembourg administrative first instance court (tribunal administratif) to obtain judicial review of the CSSF’s decision of 29 August 2011 to refuse to grant a license to ARM as a regulated securitisation undertaking under the Luxembourg law of 22 March 2004 on securitisation (the “CSSF decision”).   The CSSF informs that on 6 December 2012 the Luxembourg administrative tribunal declared the petition lodged by ARM before the Luxembourg administrative first instance court to be unfounded and that the expenses of this judgment are to be borne by ARM. ARM has the right to lodge an appeal with...
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