{
  "url": "https://openlegislation.uk/eu-regulation-2014-523/article-1",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-523/article-1.json",
  "legislation": "eur/2014/523",
  "legislation_title": "Commission Delegated Regulation (EU) No 523/2014 of 12 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for determining what constitutes the close correspondence between the value of an institution's covered bonds and the value of the institution's assets (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-523",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": "Definitions",
  "text": "The following definitions shall apply:\n(1) ‘covered bond’ means a bond as referred to in Article 52(4) of Directive 2009/65/EC;\n(2) ‘delivery option’ means the possibility to redeem the mortgage loan by buying back the covered bond at market or at nominal value in accordance with Article 33(3)(d) of Regulation (EU) No 575/2013.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2014/523/article/1",
    "retrieved_at": "2026-11-01T14:47:39.902550+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}