Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Covered Bonds
The Capital Markets Board of Turkey issued this Communiqué to regulate the issuance, qualities, and monitoring of covered bonds, including mortgage-covered and asset-covered bonds. The document defines eligible issuers, establishes issuance limits based on asset size or equity, and specifies the types of assets that may serve as collateral. It further mandates strict requirements for cover registers, independent cover monitors, and the protection of cover assets to ensure investor security.
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