{
  "url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-15",
  "json_url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-15.json",
  "legislation": "uksi/2008/346",
  "legislation_title": "The Regulated Covered Bonds Regulations 2008",
  "legislation_url": "https://openlegislation.uk/regulated-covered-bonds-regulations-2008",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Acting without registration",
  "text": "(1) A person may not issue, or purport to issue, a regulated covered bond unless—\n(a) it is admitted to the register of issuers; and\n(b) the bond is admitted to part one or part two of the register of regulated covered bonds.\n(2) A person which has been removed from the register of issuers may not make any further issue under a programme of covered bonds which has been admitted to the register of regulated covered bonds.\n(3) Contravention of the prohibition in paragraph (1) or (2) by a person is a contravention of a requirement imposed on it by these Regulations, but does not—\n(a) make any transaction void or unenforceable; or\n(b) give rise to any right of action for breach of statutory duty.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 15(1)(b) substituted (1.1.2013) by The Regulated Covered Bonds (Amendment) Regulations 2011 (S.I. 2011/2859), regs. 1, 2(8)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/346/regulation/15",
    "retrieved_at": "2026-10-29T03:36:42.465175+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."
}