S.L. 345.27 Art. 1Title and scope.  Cap. 371.

(1) The title of these regulations is the Financial

Markets Act (Covered Bonds) Regulations.

(2) The scope of these regulations is to transpose Articles 2, 3, 6 to 17, both inclusive, 21, 26, 27 and, in part, 30 of 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.

(3) These regulations shall apply to covered bonds issued by credit institutions licensed in terms of the Banking Act.