Regulatory Alerts2019-01-01
Decree No. 2/2019 Coll. on Records of Covered Blocks
The Czech National Bank issued Decree No. 2/2019 Coll. to establish the specific requisites and methods for maintaining records of covered blocks under the Act on Bonds. The regulation mandates that obliged entities keep detailed electronic registers for cover assets, related items, debts from covered bonds, and related debts, ensuring strict separation of record-keeping competences. It repeals previous decrees regarding mortgage bond coverage records and specifies that existing bonds remain governed by prior rules until issuance conditions are changed.
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