# The Regulated Covered Bonds Regulations 2008, Regulation 15: Acting without registration

Extent: E+W+S+N.I.

(1) A person may not issue, or purport to issue, a regulated covered bond unless—
(a) it is admitted to the register of issuers; and
(b) the bond is admitted to part one or part two of the register of regulated covered bonds.
(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.
(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—
(a) make any transaction void or unenforceable; or
(b) give rise to any right of action for breach of statutory duty.

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Source: https://www.legislation.gov.uk/uksi/2008/346/regulation/15 (the official version)
Page: https://openlegislation.uk/regulated-covered-bonds-regulations-2008/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.