Examples of Bank of Italy Regulations in a sentence
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 relevant Master Loans Purchase Agreement (as defined below) and in accordance with the provisions of the Securitisation and Covered Bond Law, Decree No. 310 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, Decree No. 310 and the Bank of Italy Regulations.
Bank of Italy Regulations for Financial Intermediaries means the “Istruzioni di Vigilanza per gli Intermediari Finanziari” (Circolare No. 288 of 3 April 2015), as subsequently amended and supplemented.
Limits to Integration The integration of the Cover Pool, whether through Eligible Assets or through Top-Up Assets, shall be carried out in accordance with the methods, and subject to the limits, set out in the Bank of Italy Regulations.
Bank of Italy Regulations means Part III, Chapter 3 of the “Disposizioni di vigilanza per le banche” (Circolare No. 285 of 17 December 2013), as subsequently amended and supplemented.
The Covered Bonds are issued pursuant to: (i) article 7-bis of Law No. 130 of 30 April 1999 (as amended, the Securitisation and Covered Bonds Law), (ii) the Ministerial Decree No. 310 of the Ministry for the Economy and Finance of 14 December 2006 (the Decree No. 310) and (iii) the regulation of the Bank of Italy of 17 May 2007, as subsequently amended on 24 March 2010 (the Bank of Italy Regulations).
Limits to IntegrationThe integration of the Cover Pool, whether through Eligible Assets or through Top-Up Assets, shall be carried out in accordance with the methods, and subject to the limits, set out in the Bank of Italy Regulations.
As a result, investors may receive less interest or principal than expected, or no interest or principal.Controls over the transactionThe Bank of Italy Regulations require that certain controls be performed by the Issuer aimed at, inter alia, mitigating the risk that any obligation of the Issuer or the Guarantor under the Covered Bonds is not complied with.
Covered Bonds are issued pursuant to Article 7-bis of Law No. 130 of 30 April 1999 (as amended, the "Securitisation and Covered Bond Law"), Ministerial Decree No. 310 of the Ministry for the Economy and Finance of 14 December 2006 ("Decree No. 310") and the regulations of the Bank of Italy of 17 May 2007 (the "Bank of Italy Regulations").
Investors should note that integration is not allowed in circumstances other than as set out in the Bank of Italy Regulations and specified above: therefore no assurance can be given on the potential negative impact that the need to integrate the Cover Pool outside the circumstances set out in the Bank of Italy Regulations and specified above may have on the interests of the Covered Bondholders.