Regulatory Alerts2019-01-01
Decree No. 2/2019 Coll. on records of covered blocks, as amended
The Czech National Bank issued Decree No. 2/2019 Coll. to establish the specific requisites and methods for keeping records of covered blocks under the Act on Bonds. The regulation mandates that issuers maintain detailed electronic registers of cover assets, related items, and debts, ensuring strict separation of record-keeping functions and ongoing data updates. This decree repeals Decree No. 164/2014 Coll. and applies to covered bonds issued after February 1, 2019, while transitional provisions govern previously issued mortgage bonds.
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