Regulation 14 Admission to the registers

United Kingdom

(1)

If the Authority decides to grant an application under regulation 8 it must, within seven days of the date on which it gave written notice under regulation 13(3) or (5)(b), admit—

(a)

the applicant to the register of issuers; or

F1(b)

the covered bond or the programme of covered bonds to—

(i)

part one of the register of regulated covered bonds, in the case of an application under regulation 8(b)(i); or

(ii)

part two of the register of regulated covered bonds in the case of an application under regulation 8(b)(ii).

(2)

The Authority may remove a regulated covered bond from the register of regulated covered bonds only after the expiry of the whole period of validity of that bond.

Annotations

Textual amendments

F1: Reg. 14(1)(b) substituted (1.1.2013) by The Regulated Covered Bonds (Amendment) Regulations 2011 (S.I. 2011/2859), regs. 1, 2(7)