Regulatory Alerts2023-06-01
Order on a Ship Financing Institute
The Danish Financial Supervisory Authority and the Ministry of Industry, Business and Financial Affairs issued this Order to implement specific provisions of EU regulations CRR and the Covered Bonds Directive for Danish Ship Financing Institutes. The regulation establishes detailed requirements for collateral, loan-to-value ratios, solvency capital, and liquidity, while defining permissible security types and governance standards. It further regulates the issuance of ship credit bonds and covered bonds, including specific rules for fleet mortgages and loans secured by ships registered outside the European Union.
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