Protection of the designation "European covered bond"

(1) It is prohibited to put a financial instrument into circulation under the designation "European covered bond" or its translation into the other official languages of the European Union under Article 27(1) of Directive (EU) 2019/2162, unless the financial instrument is 1. a Pfandbrief within the meaning of section 1(3) issued by a Pfandbrief bank after 7 July 2022, or 2. a debt instrument issued by a credit institution with its seat in another Member State of the European Union or contracting state to the Agreement on the European Economic Area, for which the entitlement to use this designation in the official language of the credit institution's seat can be demonstrated by reference to the information published, under Article 26(1)(c) of Directive (EU) 2019/2162, by the supervisory authority designated under Article 18(2) of Directive (EU) 2019/2162 in the credit institution's home state.
(2) It is prohibited to put a financial instrument into circulation under the designation "European covered bond (premium)" or its translation into the other official languages of the European Union under Article 27(2) of Directive (EU) 2019/2162, unless the financial instrument is 1. a mortgage Pfandbrief, public Pfandbrief or ship Pfandbrief issued by a Pfandbrief bank after 7 July 2022, or 2. a debt instrument issued by a credit institution with its seat in another Member State of the European Union or contracting state to the Agreement on the European Economic Area after 7 July 2022, for which the entitlement to use this designation in the official language of the credit institution's seat can be demonstrated by reference to the information published, under Article 26(1)(c) of Directive (EU) 2019/2162, by the supervisory authority designated under Article 18(2) of Directive (EU) 2019/2162 in the credit institution's home state.