Covered bonds legislation passed by Belgian Chamber
On Thursday 19 July, the Belgian Parliament approved the covered bonds legislation. No amendments were made compared to the draft we discussed in our Finance e-bulletin 2012/04.
The entry into force now only requires the publication in the Belgian State Gazette. We will publish a further newsflash once the timing of the publication is known.
Additionally, a Royal Decree determining, among others, the eligibility and valuation criteria for the cover assets is being finalised and is expected to be approved shortly after the summer recess.