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 (Text with EEA relevance) (c. 2162)

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TITLE II U.K. STRUCTURAL FEATURES OF COVERED BONDS

CHAPTER 1 U.K. Dual recourse and bankruptcy remoteness

Article 5 U.K. Bankruptcy remoteness of covered bonds

Member States shall ensure that the payment obligations attached to covered bonds are not subject to automatic acceleration upon the insolvency or resolution of the credit institution issuing the covered bonds.