11 Amendments of Brian HAYES related to 2018/0043(COD)
Amendment 143 #
Proposal for a directive
Article 6 – paragraph 1 – subparagraph 3
Article 6 – paragraph 1 – subparagraph 3
For the purposes of point (b), Member States shall lay down rules ensuring the prompttimely filing and registration of mortgages, charges, liens or guarantee on assets in the cover pool.
Amendment 177 #
Proposal for a directive
Article 10 – paragraph 1
Article 10 – paragraph 1
Member States shall ensure investor protection by providing for a sufficient level of homogeneity of the assets in the cover pool so that they shall be of a similar nature in terms of structural features, lifetime of assets or risk profile. This Article shall not apply to public credit assets, derivative contracts or substitution assets comprised in the cover pool.
Amendment 183 #
Proposal for a directive
Article 11 – paragraph 1 – point a
Article 11 – paragraph 1 – point a
(a) the derivative contracts are included in the cover pool exclusively for risk hedging purposes the valuation of which is calculated on a net cash flow basis;
Amendment 200 #
Proposal for a directive
Article 11 – paragraph 2 – point b
Article 11 – paragraph 2 – point b
Amendment 209 #
Proposal for a directive
Article 12 – paragraph 1 – subparagraph 2
Article 12 – paragraph 1 – subparagraph 2
Amendment 236 #
Proposal for a directive
Article 15 – paragraph 1 – subparagraph 1 – point c – point iv
Article 15 – paragraph 1 – subparagraph 1 – point c – point iv
Amendment 239 #
Proposal for a directive
Article 15 – paragraph 1 – subparagraph 1 – point c – point v
Article 15 – paragraph 1 – subparagraph 1 – point c – point v
Amendment 256 #
Proposal for a directive
Article 16 – paragraph 3 – subparagraph 1 – point b
Article 16 – paragraph 3 – subparagraph 1 – point b
(b) exposures to credit institutions that qualify for the credit quality step 1 and step 2 exposures, in accordance with Article 129(1)(c) of Regulation (EU) No 575/2013.
Amendment 266 #
Proposal for a directive
Article 16 – paragraph 4
Article 16 – paragraph 4
4. Where the credit institution issuing covered bonds is subject to liquidity requirements set out in other acts of Union law, Member States may decide that the nassets used for the purposes of paragraph 1 may be used to fulfil those liquidity requirements set out in acts of Union law. National rules transposing paragraphs 1, 2 and 3 do not apply throughout the period foreseen in those acts of Union law.
Amendment 272 #
Proposal for a directive
Article 17 – paragraph 1 – point b a (new)
Article 17 – paragraph 1 – point b a (new)
(b a) The maturity extension may only be affected upon: (i) the insolvency of the credit institution issuing the covered bond; and (ii) breach of triggers in point (c)(i);
Amendment 283 #
Proposal for a directive
Article 30 – paragraph 1
Article 30 – paragraph 1
Member States shall ensure that cover pools, cover bond programmes and covered bonds issued before XX [OP: please insert the date laid down in the second subparagraph of Article 32(1) of this Directive + 1 day"] and complying with the requirements laid down in Article 52(4) of Directive 2009/65/EC, in the version applicable on the date of their issue, are not subject to the requirements set out in Articles 5 to 12 and Articles 15, 16, 17 and 19 of this Directive, but may continue to be referred to as covered bonds in accordance with this Directive until their maturity.