Bulgaria's Compass Receivables Fund seeks SPE license

Bulgaria's Compass Receivables Fund seeks SPE license

Bulgaria's Financial Supervision Commission (FSC) said that it has asked local Compass Receivables Fund to provide additional information and documents regarding its request for receiving a license to act as a special purpose entity (SPE).Compass Receivables Fund intends to specialise in debt securitisation, the FSC said in a statement on Thursday.The company is also seeking approval of a prospectus for listing on the Bulgarian Stock Exchange, as all SPEs are obliged by law to do so.Compass Receivables Fund, established in June, has a registered capital of 500,000 levs ($282,000/256,000 euro), according to commercial register data.

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