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Article 36 - Transitional provision for Member State-sponsored impaired asset management agencies

Article 36
Transitional provision for Member State-sponsored impaired asset management agencies

1.The senior bonds issued by the following Member State-sponsored impaired assets management agencies shall qualify as level 1 assets until 31 December 2023:

(a)

in Ireland, the National Asset Management Agency (NAMA);

(b)

in Spain, the Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria, S.A. (SAREB);

(c)

in Slovenia, the Bank Asset Management Company as established under the Measures of the Republic of Slovenia to Strengthen the Stability of Banks Act (MSSBA);

2.The assets referred to in paragraph 1 shall be subject to the same requirements applicable under this Regulation to level 1 assets representing claims on or guaranteed by the central or regional governments, local authorities or public sector entities referred to in Article 10(1)(c).

Official text · consolidated version 30/04/2020 (no longer in force) Open full page ↗
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