May 2016

Changes in the Covered Bond Act

The Swedish parliament decided to approve the government's proposal on changes in the Covered Bond Act the 25th of May. The new regulation means that the issuer now needs to have a regulatory over collateralization of 2 percent. The change will be in force from the 21st of June. The reason for the change is the requirements in the technical standards on clearing obligation ((EU) 2015/2205)