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Austria
- Ammendments to the Austrian Pfandbrief Law
The ammendments to the Austrian Pfandbrief Law of June 2005 - Mortgage Bank Act
Mortgage Bank Act - Ordinance
Ordinance on the introduction of the Mortgage Bank Act and the Act on Pfandbriefe and related bonds from public credit institutions in Austria
Bulgaria
- The Bulgarian Law on mortgage-backed bonds
The Bulgarian Law on mortgage-backed bonds introduced on 10 October 2000
Czech Republic
- The Czech Mortgage Act ammendment 2004
The Czech Mortgage Act ammendment of 1.4.2004
Denmark
- Executive Order no 718 of 21 June 2007 on the Issue of Bonds, the Balance Principle and Risk Management
Unofficial translation. Only the Danish document has legal validity - Extract from bill no 577 of 6 June 2007
Amending the Financial Business Act and Various Other Acts (Covered Bonds) Unofficial translation. Only the Danish document has legal validity - The Consolidated Act No. 982
The Danish Consolidated Act No. 982 of 05.12.2003 - Consolidated Act no. 582 (8 July 1999)
Consolidated Act no. 582 (8 July 1999)
Finland
- Regulation - Mortgage Banks Management of Balance Sheet Risks
The FSA’s regulation of mortgage banks’ management of balance sheet risks is based on section 9 a, paragraph 5 of the Act on Mortgage Credit Banks (1240/1999). It is valid from 15 February 2004 onwards. - Act on Mortgage Credit Banks no. 1240 issued on 23 Dec. 1999
Act on Mortgage Credit Banks no. 1240 issued on 23 Dec. 1999
France
- Code monétaire et financier
Code monétaire et financier, Partie législative, Annexe à l'ordonnance n° 2000-1223 du 14 décembre 2000, J.O. Numéro 291 du 16 décembre 2000 (updated) - Act no. 99-532 of 25 June 1999 relating to savings and financial security (extract)
Act no. 99-532 of 25 June 1999 relating to savings and financial security (extract) - Decree no. 99-655 of 29 July 1999
Decree no. 99-655 of 29 July 1999 adopted for the application of articles 93 and 105 of Law no. 99-532 of 25 June 1999 on savings and financial security - Decree no. 99-710 of 3 Aug. 1999
Decree no. 99-710 of 3 Aug. 1999 taken in application of title IV of the second part of Act no. 99-532 of 25 June 1999 relating to the reform of sociétés de crédit foncier (mortgage credit companies) - Regulation no. 99-10
Regulation no. 99-10 of the banking and finance regulations committee on sociétés de crédit foncier (mortgage credit companies) - Article 16 of Act no. 69 – 1263 of 31 Dec. 1969 on various economic and financial provisions
Article 16 of Act no. 69 – 1263 of 31 Dec. 1969 on various economic and financial provisions (O.J. of 4 Jan. 1970)
Germany
- Pfandbrief Act and Regulations to the Pfandbrief Act
Pandbrief Act and Regulations to it as of September 2009
Greece
- Law 3601/2007, article 91
English Translation 21.09.2007 - Presidential Decree of 22/30 Sept. 1931
Regarding mortgage banks [banks granting credits for real estate acquisitions], Presidential Decree of 22/30 Sept. 1931 (Government Gazette A/342)
Hungary
- Mortgage Bank Act
Mortgage Bank Act 01 01 2007 - Act on Mortgage Loan Companies and on Mortgage Bonds
Act XXX of 1997 on Mortgage Loan Companies and on Mortgage Bonds
Iceland
- Icelandic Act on Covered Bonds, No. 11/2008
Note: Unofficial translation into English
Ireland
- Asset Covered Securities (Ammendment) Act 2007
Published 9 April 2007 - Asset Covered Securities Bill, 2001
Asset Covered Securities Bill, 2001
Italy
- Banca d'Italia SUPERVISORY REGULATIONS Covered Bonds
Banca d'Italia SUPERVISORY REGULATIONS Covered Bonds - Regulation of Bank of Italy on Covered Bonds
New Italian regulations on covered bonds (15 May 2007) - Decree of the Italian Ministry of Finance n 310, 14 12 2006 on Secondary Legislation on Covered Bonds
Secondary legislation on Covered Bonds - Italian securitisation law
Law 130 of 30 April 1999, Italian securitisation law as amended by Law 80 of 14 May 2005 converting LD 35/2005
Latvia
- Law on mortgage bonds
Law on mortgage bonds from 13.10.1998
Lithuania
- Law on Mortgage Bonds and Mortgage Lending
Law on Mortgage Bonds and Mortgage Lending of 25.09.2003
Luxemburg
- Commission de Surveillance du Secteur Financier - CSSF CIRCULAR 03/95
Minimum requirements for the maintenance and control of the cover register, for the cover assets and for the issuance limit for outstanding Lettres de Gage. Published 26.02.2003. - Act of 22 June 2000
Act of 22 June 2000 amending certain provisions specific to banques d’émission de lettres de gage ("banks issuing mortgage bonds") in the Act of 5 April 1993 relating to the financial sector - Act of 21 Nov. 1997 on banks issuing mortgage bonds
Act of 21 Nov. 1997 on banks issuing mortgage bonds
Netherlands
- Regulation on Amending the Regulation Implementing the Financial Supervision Act
Unofficial translation of "Regeling tot aanpassing van de Uitvoeringsregeling Wft", 19 June 2008,Nr. FM 2008-001374 M - Decree of 3 June 2008 Regarding Covered Bonds
Unofficial translation of "Besluit inzake gedekte obligaties", 3 June 2008
Norway
- Amendment on Mortgage Law and Mortgage Bond Act
Amendment on Mortgage Law and Mortgage Bond Act of 1988. Published in 2002. German version. - Act no. 40 on financing activity and financial institutions
Act no. 40 on financing activity and financial institutions (Financial Institutions Act) of 10 June 1988, as amended
Poland
- Bancruptcy and Rehabilitation Law
Extract of the Act of 28 February 2003 - The Act on Mortgage Bonds and Mortgage Banks
The Act on Mortgage Bonds and Mortgage Banks of 29 August 1997
Portugal
- Unofficial translation of the Portuguese Secondary legislation
Text in portuguese and english of the Potuguese secondary legislation - Decreto-Lei n.º 59/2006
Primary legislation - Decree Law no.125/90 (16 April 1990)
Decree Law no.125/90 (16 April 1990)
Spain
- New Spanish Mortgage Market Law 41 / 2007 - AHE Private Translation
The translation of all the laws and regulations included in this document only corresponds to those aspects related to the regulation of the mortgage market and other significant financial and tax regulations.
This is a private translation made by the Spanish Mortgage Association (AHE) and therefore, the only valid legal texts are those published in the Spanish Official Gazette.
Sweden
- The Swedish Covered Bond (Issuance) Act 2003:1223
The Swedish Covered Bond (Issuance) Act 2003:1223, containing provisions governing the right of Swedish banks and credit market undertakings to issue covered bonds. Unofficial translation. - Regulations and general guidelines governing Covered Bonds
Regulations and general guidelines governing Covered Bonds. Published 01.10.2004. - Act (1992:1610) on financing operations passed 17 Dec. 1992, renamed 1997:453
Act (1992:1610) on financing operations passed 17 Dec. 1992, renamed 1997:453 (previous name being Act (1992:1610) on credit companies)
Switzerland
- Pfandbrief Verordnung
Pfandbrief Verordnung of 23.01.1931 (German). - Mortgage Bond Act
Mortgage Bond Act (Pfandbriefgesetz) 211.423.4 (PfG) (25 June 1930 (situation as at 1 April 1996)
Turkey
- By-law on Turkish Mortgage Covered Bonds
By-law on Turkish Mortgage Covered Bonds
United Kingdom
- UK Regulated Covered Bond Regulations 2008
Statutory Instrument No. 346, March 2008
http://www.opsi.gov.uk/si/si2008/uksi_20080346_en_1 - Regulated Covered Bonds - Feedback on proposals for a UK Recognised Covered Bonds Legislative Framework and final Handbook text
Policy Statement PS 08/02, 6 March 2008, Financial Services Authority. Includes the Source Book.
http://www.fsa.gov.uk/pages/Library/Policy/Policy/2008/08_02.shtml - Proposals for a UK Recognised Covered Bonds legislative framework: Summary of responses and final Impact Assessment
HM Treasury, February 2008
http://www.hm-treasury.gov.uk/consultations_and_legislation/ukrec_covbonds/consult_ukrec_covbonds.cfm - Proposals for a UK Recognised Covered Bonds legislative framework
HM Treasury Proposals, July 2007
http://www.hm-treasury.gov.uk/consultations_and_legislation/ukrec_covbonds/consult_ukrec_covbonds.cfm
United States
- Best Practices for Residential Covered Bonds
Best Practices for Residential Covered Bonds of July 2008
