Regulatory Alerts2022-02-27
Reserve Bank of New Zealand: Registration of Covered Bond Programmes Process and Information Requirements
The Reserve Bank of New Zealand mandates that registered banks must establish and maintain a public register of covered bond programmes under the Reserve Bank of New Zealand Act 1989. The document outlines strict registration criteria, including the appointment of an independent cover pool monitor and the maintenance of accurate asset registers, alongside ongoing obligations such as annual coverage tests and immediate notification of bond issuances. It further details the specific application process, fee structure, and comprehensive information requirements banks must submit to secure and retain programme registration.
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