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Deposit Takers Act 2023

Crisis management and resolution - Covered bonds - Registration of covered bond programmes

407: Register of registered covered bond programmes

You could also call this:

"A public list of approved covered bond programmes that you can look at anytime."

Illustration for Deposit Takers Act 2023

The Bank has to keep a public list of all the covered bond programmes that are registered. You can look at this list to find out which programmes are registered. The Bank decides what information is included in the list and can change it if they need to. The Bank also has to make sure you can see the information in the list at any reasonable time. The Bank might group the registered programmes into different classes based on the property that is part of the programme, and they can decide how these classes are set up, you can find more information about this in the legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS475567.

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Money and consumer rights > Banking and loansBusiness > Industry rules
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406: Issuer may issue covered bond only under registered programme, or

"Issuers must only sell special bonds, called covered bonds, as part of an approved plan."

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408: When programme must remain or be removed from register, or

"When a registered programme can stay on or be taken off the approved list"

Part 7Crisis management and resolution
Covered bonds: Registration of covered bond programmes

407Register of registered covered bond programmes

  1. The Bank must keep a public register of registered covered bond programmes.

  2. The Bank—

  3. must determine the form and content of the register and may amend that form and content as it considers necessary; and
    1. may, based on the property in, or that may be included in, the relevant cover pool, designate registered covered bond programmes to particular classes of registered covered bond programmes, as specified by the Bank.

      1. The Bank must take all reasonable steps to ensure that the information contained in the public register is available to members of the public at all reasonable times.

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