Securitisation Act (Cap. 484), article 5

5. Notwithstanding the provisions of any other law, and whatever the nature of the securitisation assets acquired or ri sks assumed by the securitisation vehicle, but without prejudice to article 5A, the securitisation vehicle shall not be required to ob tain any licence, permit or authorisation other than as provided in this Act or in regulations made under the same Act and in particular, bu t without limitation to the generality of the foregoing, shall no t require any licence under the Investment Services Act, the Banking Act, the Financial Institutions Act and, save for what is provided in article 5A, the Insurance Business Act. The issuing and offering of financial instruments by a securitisation vehicle shall however still continue to be governed by the relevant provisions of the Companies Act and the Investment Services Act: Cap. 123. Cap. 372. Provided that nothing contained in this article shall affect an y of the provisions of the Income Tax Act and the Income Tax Management Act. Non-applicability. Added by: XX. 2013.106. Cap. 403