5 Amendments of Jonás FERNÁNDEZ related to 2018/0043(COD)
Amendment 99 #
Proposal for a directive
Article 3 – paragraph 1 – point 3
Article 3 – paragraph 1 – point 3
(3) 'cover pool' means the assets that constitute the collateral for the covered bonds and that arcan be segregated from other assets held by the credit institution issuing covered bonds in accordance with Article 12;
Amendment 103 #
Proposal for a directive
Article 3 – paragraph 1 – point 12
Article 3 – paragraph 1 – point 12
(12) 'overcollateralisation' means the statutory or, contractual or voluntary level of collateral exceeding the coverage requirement as set out in Article 15, excluding other current or future additional guarantees that could be provided according to national regulation and could vary over time;
Amendment 208 #
Proposal for a directive
Article 12 – paragraph 1 – subparagraph 1 – point c
Article 12 – paragraph 1 – subparagraph 1 – point c
(c) all assets in the cover pool are protected from any third party claims and do not form part of the insolvency estate of the credit institution issuing covered bonds until the priority claim according to point b of Article 4(1) is satisfied.
Amendment 210 #
Proposal for a directive
Article 12 – paragraph 1 – subparagraph 2
Article 12 – paragraph 1 – subparagraph 2
For the purposes of the first subparagraph, the assets in the cover pool shall include any collateral received in connection with derivative contract positions, but excluding other current or future additional guarantees existing according to national regulation that are not considered as overcollateralization as defined in point 12 of Article 3.
Amendment 284 #
Proposal for a directive
Article 30 – paragraph 1
Article 30 – paragraph 1
Member States shall ensure that 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, according to national regulation, 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 and use the label European Covered Bonds.