Three principal regulations apply to securitisation transactions carried out in Luxembourg: the Luxembourg law of March 22, 2004 on securitisation undertakings (the Securitisation Law); EU regulation 2017/2402 of the European Parliament and Council of December 12, 2017 that lays down a general framework for securitisation and creates a specific framework for simple, transparent and standardised securitisation; and the EU Securitisation Regulation.