Regulation 18 Notification requirements

United Kingdom

(1)

An issuer must give the Authority such information in respect of—

(a)

any regulated covered bond it issues;

(b)

any series of covered bonds issued or proposed to be issued under a regulated covered bond;

(c)

the assets in the relevant asset pool;

(d)

the steps it has taken to comply with regulation 16 or 17;

as the Authority may direct.

(2)

The issuer of a regulated covered bond must inform the Authority if at any time any of the requirements specified in regulation 17(2) are not, or are not likely to be, satisfied in respect of the relevant asset pool.

(3)

The information required under paragraphs (1) and (2) must be given at such times, in such form and verified in such manner, as the Authority may direct.

F1(4)

Any information required under paragraphs (1) and (2), or any part of that information, must, if the Authority so directs, be published as directed by the Authority.

(5)

Nothing in paragraph (4) entitles the Authority to direct publication of information which the issuer would be entitled to refuse to disclose in court proceedings on grounds of legal professional privilege.

Annotations

Textual amendments

F1: Reg. 18(4)(5) inserted (1.1.2013) by The Regulated Covered Bonds (Amendment) Regulations 2011 (S.I. 2011/2859), regs. 1, 2(11)