Legislation

1. Act on Financing Activity and Financial Institutions (Financial Institutions Act)
- 1.1. Chapter 2, subchapter IV: Covered Bonds
  - 1.1.1. Section 2-25 Scope of application
  - 1.1.2. Section 2-26 Protected term
  - 1.1.3. Section 2-27 Business restrictions and obligation to notify upon start-up
  - 1.1.4. Section 2-28 Requirements on the composition of the cover pool
  - 1.1.5. Section 2-29 Calculation of the value of underlying assets
  - 1.1.6. Section 2-30 Pledging and execution
  - 1.1.7. Section 2-31 Asset coverage requirement
  - 1.1.8. Section 2-32 Liquidity requirements
  - 1.1.9. Section 2-33 Register requirement
  - 1.1.10. Section 2-34 Independent inspector
  - 1.1.11. Section 2-35 Preferential claim over the cover pool, joint debt recovery etc
2. Regulations on mortgage credit institutions
- 2.1. Chapter 1 Activity of mortgage credit institutions
  - 2.1.1. Section 1 Scope of application
  - 2.1.2. Section 2 Holders of covered bonds
  - 2.1.3. Section 3 Capital requirements regulations
  - 2.1.4. Section 4 Requirement for rating of the home country of a loan and collateral, and requirement on systems
  - 2.1.5. Section 5 Interest rate risk
  - 2.1.6. Section 6 Liquidity risk
  - 2.1.7. Section 7 Foreign exchange risk
  - 2.1.8. Section 8 Derivative contracts
  - 2.1.9. Section 9 Cover pool
  - 2.1.10. Section 10 Valuation
  - 2.1.11. Section 11 Requirements as to register and independent inspector
- 2.2. Chapter 2 Joint recovery of debt etc
  - 2.2.1. Section 12 Relationship to bankruptcy legislation etc
  - 2.2.2. Section 13 Payment of expenses
- 2.3. Chapter 3 Administration of an estate where timely payment can be made from the cover pool
- 2.4. Chapter 4 Administration of the estate when timely payment cannot be made from the cover pool
  - 2.4.1. Section 17 Halt to payments
  - 2.4.1. Section 18 Effect of halt to payments
  - 2.4.3. Section 19 Calculation of claims
- 2.5. Chapter 5 Entry into force
  - 2.5.1. Section 20 Entry into force

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Legislation