1 Amendments of Jeppe KOFOD related to 2018/0042(COD)
Amendment 37 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point e
Article 1 – paragraph 1 – point 1 – point e
Regulation (EU) No 575/2013
Article 129 – paragraph 7a (new)
Article 129 – paragraph 7a (new)
7 a. For the purpose of point (d)(i), (e), (f)(i) and (g) of the first subparagraph of paragraph 1, Member States may decide to apply a higher limit referring to the portion of the loan contributing to the coverage of liabilities provided that the following conditions are met: (a) the limits referred to in those points are applicable at the time of the initial inclusion of the loan in the cover pool; (b) the portion of the loan exceeding the limits referred to in those points remains in the cover pool at the lifetime of the loan and is compliant with all requirements of [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EU and Directive 2014/59/EU]; (c) the calculation of overcollateralisation is either based on an approach which takes into account the underlying risk of the assets or an approach where the valuation of the assets is subject to mortgage lending value as defined in Article 4(1)(74); (d) the limit referring to the portion of the loan contributing to the coverage of liabilities cannot be higher than 100%.