4. — Directive (EU) 2019/2162 of the European Parliament and of the Council of 27…

4.

Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU (Text with EEA relevance) · European Union

The following cover assets shall be considered to contribute to the coverage requirement: primary assets; substitution assets; liquid assets held in accordance with Article 16; and claims for payment attached to derivative contracts held in accordance with Article 11. Uncollateralised claims where a default is considered to have occurred pursuant to Article 178 of Regulation (EU) No 575/2013 do not contribute to coverage.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.