PfandBG-EN
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Sections
Division 1 Scope of Application, Licence and Supervision
- Section 1 — Definitions
- Section 2 — Licence
- Section 3 — Supervision; requests for information and production
- Section 3a — Cooperation with bodies in the European Economic Area
Division 2 General Provisions on Pfandbrief Issuance
- Section 4 — Congruence of cover; order of increased minimum cover requirements
- Section 4a — Restructuring clauses in government bonds
- Section 4b — Derivative transactions eligible for cover
- Section 5 — Cover register
- Section 6 — Content of Pfandbriefe
- Section 7 — Trustee and deputies
- Section 8 — Tasks
- Section 9
- Section 10 — Powers
- Section 11 — Remuneration, resolution of disputes
Division 3 Special Provisions on Cover Assets
- Section 12 — Cover assets
- Section 13 — Location of the security
- Section 14 — Lending limit
- Section 15 — Insurance requirement
- Section 16 — Determination of mortgage lending value
- Section 17
- Section 18 — Land charges and foreign security rights
- Section 19 — Further cover assets
- Section 20 — Cover assets
- Section 21 — Cover assets
- Section 22 — Lending limit
- Section 23 — Insurance
- Section 24 — Determination of ship lending value
- Section 25 — Commencement of repayment
- Section 26 — Further cover assets
- Section 26a — Cover assets
- Section 26b — Lending limit
- Section 26c — Insurance
- Section 26d — Determination of aircraft lending value
- Section 26e — Commencement of repayment
- Section 26f — Further cover assets
Division 4 General Provisions for the Pfandbrief Business
- Section 27 — Risk management
- Section 27a — Pfandbrief reports; authorisation to issue statutory instruments
- Section 28 — Transparency provisions
Division 5 Protection against Enforcement; Principle of Separation on Insolvency of the Pfandbrief Bank
- Section 29 — Protection against enforcement, attachment and set-off
- Section 30 — Principle of separation on insolvency of the Pfandbrief bank; deferral of maturity
- Section 31 — Appointment of the administrator; rights and duties
- Section 31a — Remuneration of the administrator
- Section 32 — Transfer of cover pools and liabilities
- Section 33 — Entry in the commercial register
- Section 34 — Transfer of cover assets and liabilities
- Section 35 — Trust administration
- Section 36 — Partial transfer
- Section 36a — Principle of separation on reorganisation or restructuring of the Pfandbrief bank
Division 6 Remedies and Infringements
- Section 37 — Immediate enforceability
- Section 38 — Criminal provisions
- Section 39 — Provisions on administrative fines
- Section 40 — Administrative authority
- Section 40a — Publication of measures and communications in criminal matters
Division 7 Final Provisions
- Section 41 — Protection of the designation "Pfandbrief"
- Section 41a — Protection of the designation "European covered bond"
- Section 42 — Licence for existing Pfandbrief banks
- Section 43 — Licence for mortgage banks
- Section 44
- Section 45 — Insurance requirement
- Section 46 — Lending limit
- Section 47
- Section 48
- Section 49 — Continued cover eligibility
- Section 50 — Continued application of previous law
- Section 51 — Separate Pfandbrief circulation
- Section 52 — Continuing provisions of the Act Amending and Supplementing the Ship Bank Act
- Section 53 — Transitional provision on the CRD IV Implementation Act
- Section 54 — Transitional provision on the BRRD Implementation Act
- Section 55 — Transitional provision on the CBD Implementation Act