Examples of Bank of Italy Regulations in a sentence
In this respect, the provisions of the Securitisation and Covered Bond Law, as amended by Decree 190/2021, apply to covered bonds issued starting from 8 July 2022.Moreover, following a public consultation launched by the Bank of Italy on 12 January 2023 and ended on 11 February 2023, on 30 March 2023 the Bank of Italy issued the 42nd amendment to the Bank of Italy Regulations, providing for the implementing measures referred to under article 3, paragraph 2, of Decree 190/2021.
Covered Bonds are issued pursuant to Title 1-bis of Law No. 130 of 30 April 1999, as amended and supplemented from time to time (the "Securitisation and Covered Bond Law"), and Part III, Chapter 3 of the “Disposizioni di Vigilanza per le Banche” (Circolare No. 285 of 17 December 2013), as amended and supplemented from time to time (the "Bank of Italy Regulations").
Accordingly, there is a risk that certain changes may need to be reflected in the Programme (including in the Terms and Conditions of the Covered Bonds) in order for it to continue to be compliant with the Securitisation and Covered Bond Law and the Bank of Italy Regulations.
The Covered Bond Guarantee will be collateralised by a cover pool constituted by certain assets assigned from time to time to the Guarantor pursuant to the Master Loans Purchase Agreement (as defined below) and in accordance with the provisions of the Securitisation and Covered Bond Law and the Bank of Italy Regulations.