Regulatory Alerts2022-05-17
Consultation on Covered Bonds Application Process and Information Requirements
The Reserve Bank of New Zealand invites submissions on the implementation details for the Covered Bonds Amendment Bill, including registration procedures and information requirements. The document proposes a public register, optional asset class designations for signaling program quality, and a $2,500 registration fee to recover administrative costs. It also seeks feedback on the suitability of licensed auditors as cover pool monitors and the relevance of European Covered Bond Council labeling conventions.
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