Regulatory Alerts2021-04-06
Notice on the Revision of the Covered Bond Issue Limit for Deposit and Trust Institutions – COVID-19
The Autorité des marchés financiers (AMF) immediately reverts the temporary covered bond issue limit for deposit and trust institutions to 5.5 percent, reversing a pandemic-era increase from 10 percent. This unwinding follows stabilized liquidity and term funding conditions, alongside the Bank of Canada’s recent removal of own-named covered bonds from eligible repo securities. The revised limit applies to all affected financial institutions, including trust companies, savings companies, and credit unions.
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