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Directive (EU) 2019/2162 of the European Parliament and of the CouncilShow full title

Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU (Text with EEA relevance)

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Article 21Reporting to the competent authorities

1.Member States shall ensure investor protection by requiring credit institutions issuing covered bonds to report the information set out in paragraph 2 on covered bond programmes to the competent authorities designated pursuant to Article 18(2). That reporting shall be carried out on a regular basis as well as at the request of those competent authorities. Member States shall lay down rules on the frequency of that regular reporting.

2.The reporting obligations to be laid down pursuant to paragraph 1 shall require that the information to be provided includes information on at least the following:

(a)

the eligibility of assets and cover pool requirements in accordance with Articles 6 to 11;

(b)

the segregation of cover assets in accordance with Article 12;

(c)

where applicable, the functioning of the cover pool monitor in accordance with Article 13;

(d)

the coverage requirements in accordance with Article 15;

(e)

the cover pool liquidity buffer in accordance with Article 16;

(f)

where applicable, the conditions for extendable maturity structures in accordance with Article 17.

3.Member States shall provide for rules on the information to be provided under paragraph 2 by the credit institutions issuing covered bonds to the competent authorities designated pursuant to Article 18(2) in the event of the insolvency or resolution of a credit institution issuing covered bonds.

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