A bank issuing a registered covered bond provide reliable and effective strategies and procedures based on which it shall continually examine, during the term of the registered covered bond, that sufficient cover assets and liquid assets with the correct characteristics have been secured, taking into account the nature and composition of these cover assets and liquid assets, the minimum amount of the cover assets as described in article 40f, first and second paragraphs and the liquid assets as described in article 40g, first paragraph. Article 40i 1. De Nederlandsche Bank may decide to reject a request from a bank for registration as provided for article 3:33a, first paragraph of the Act, if De Nederlandsche Bank deems that the issue of the registered covered bonds by this bank is detrimental to a healthy ratio between the total amount of outstanding registered covered bonds of this bank and its total consolidated balance sheet. 2. De Nederlandsche Bank may decide to prohibit a bank issuing a registered covered bond from issuing further registered covered if De Nederlandsche Bank deems that further issuance is detrimental to a healthy ratio between the total amount of outstanding registered covered bonds of this bank and its total consolidated balance sheet. Article 40j Further rules shall be stipulated by or based on a Ministerial Regulation with regard to: a. the securing of the cover assets and the securing of payments on the registered covered bonds in an adequate, transparent and responsible manner; b. the information to be provided by a bank issuing a registered covered bond to the holders thereof or to De Nederlandsche Bank. Article 40k De Nederlandsche Bank shall draw up a list based on article 1:107, first and third paragraphs, parts m) and n) of the Financial Supervision Act on registered categories of registered covered bonds and banks issuing registered covered bonds and shall notify this, and any amendments of this, to the European Commission and the European Securities and Markets Authority. (…) M Articles 124b and 124c shall lapse. (…)
A bank issuing a registered covered bond provide reliable and effective strategies and procedures based on which it shall continually examine, during the term of the registered covered bond, that sufficient cover assets and liquid assets with the correct characteristics have been secured, taking into account the nature and composition of these cover assets and liquid assets, the minimum amount of the cover assets as described in article 40f, first and second paragraphs and the liquid assets as described in article 40g, first paragraph. Article 40i 1. De Nederlandsche Bank may decide to reject a request from a bank for registration as provided for article 3:33a, first paragraph of the Act, if De Nederlandsche Bank deems that the issue of the registered covered bonds by this bank is detrimental to a healthy ratio between the total amount of outstanding registered covered bonds of this bank and its total consolidated balance sheet. 2. De Nederlandsche Bank may decide to prohibit a bank issuing a registered covered bond from issuing further registered covered if De Nederlandsche Bank deems that further issuance is detrimental to a healthy ratio between the total amount of outstanding registered covered bonds of this bank and its total consolidated balance sheet. Article 40j Further rules shall be stipulated by or based on a Ministerial Regulation with regard to: a. the securing of the cover assets and the securing of payments on the registered covered bonds in an adequate, transparent and responsible manner; b. the information to be provided by a bank issuing a registered covered bond to the holders thereof or to De Nederlandsche Bank. Article 40k De Nederlandsche Bank shall draw up a list based on article 1:107, first and third paragraphs, parts m) and n) of the Financial Supervision Act on registered categories of registered covered bonds and banks issuing registered covered bonds and shall notify this, and any amendments of this, to the European Commission and the European Securities and Markets Authority. (…) M Articles 124b and 124c shall lapse. (…)