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PfandBG-EN 🇩🇪

PfandBG-EN · 69 sections

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

Section 47

Section 47

(repealed)

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