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Covered Bonds Directive In force since 27 November 2019

DIRECTIVE (EU) 2019/2162 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU
32019L2162 · official text on EUR-Lex

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Articles

• Article 1 — Subject matter
• Article 2 — Scope
• Article 3 — Definitions

Chapter 1 Dual recourse and bankruptcy remoteness

• Article 4 — Dual recourse
• Article 5 — Bankruptcy remoteness of covered bonds

Chapter 2 Cover pool and coverage

Section I Eligible assets

• Article 6 — Eligible cover assets
• Article 7 — Collateral assets located outside the Union
• Article 8 — Intragroup pooled covered bond structures
• Article 9 — Joint funding
• Article 10 — Composition of the cover pool
• Article 11 — Derivative contracts in the cover pool
• Article 12 — Segregation of cover assets
• Article 13 — Cover pool monitor
• Article 14 — Investor information

Section II Coverage and liquidity requirements

• Article 15 — Coverage requirements
• Article 16 — Requirement for a cover pool liquidity buffer
• Article 17 — Conditions for extendable maturity structures
• Article 18 — Covered bond public supervision
• Article 19 — Permission for covered bond programmes
• Article 20 — Covered bond public supervision in the event of insolvency or resolution
• Article 21 — Reporting to the competent authorities
• Article 22 — Powers of competent authorities for the purposes of covered bond public supervision
• Article 23 — Administrative penalties and other administrative measures
• Article 24 — Publication of administrative penalties and other administrative measures
• Article 25 — Cooperation obligations
• Article 26 — Disclosure requirements
• Article 27 — Labelling
• Article 28 — Amendment to Directive 2009/65/EC
• Article 29 — Amendment to Directive 2014/59/EU
• Article 30 — Transitional measures
• Article 31 — Reviews and reports
• Article 32 — Transposition
• Article 33 — Entry into force
• Article 34 — Addressees