lexiara

2.

The powers referred to in paragraph 1 shall include at least the following: the power to grant or refuse permission pursuant to Article 19; the power to regularly review the covered bond programme in order to assess compliance with the provisions of national law transposing this Directive; the power to carry out on-site and off-site inspections; the power to impose administrative penalties and other administrative measures in accordance with the provisions of national law transposing Article 23; the power to adopt and implement supervisory guidelines relating to the issue of covered bonds.

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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.