NautaDutilh assisted 4 Dutch covered bond issuers (ABN AMRO Bank N.V., SNS Bank N.V., NIBC Bank N.V. and F. van Lanschot Bankiers N.V.) with the update and/or amendment of their Covered Bond Programmes.

Each of these covered bond issuers updated or amended its Covered Bond Programme with a view to, bringing the relevant programme in line with enhanced Dutch covered bond legislation which entered into force as from 1 January 2015 (with a grandfathering until 1 January 2016). Each programme now includes provisions with a view to the minimum asset cover requirements, the minimum liquidity requirements and annual checks on compliance with these requirements.

NautaDutilh acted as counsel and advisor to each of ABN AMRO Bank, SNS Bank, NIBC Bank and F. van Lanschot Bankiers.