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Preamble
Recitals 47
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-3) 3
Title II - STRUCTURAL FEATURES OF COVERED BONDS (Article 4-17) 14
- Chapter 1 - Dual recourse and bankruptcy remoteness (Article 4-5) 2
  - Article 4 - Dual recourse
  - Article 5 - Bankruptcy remoteness of covered bonds
- Chapter 2 - Cover pool and coverage (Article 6-17) 12
Title III - COVERED BOND PUBLIC SUPERVISION (Article 18-26a) 10
Title IV - LABELLING (Article 27) 1
Title V - AMENDMENTS TO OTHER DIRECTIVES (Article 28-29) 2
Title VI - FINAL PROVISIONS (Article 30-34) 5
Amending acts 1
- Directive (EU) 2023/2864from 09/01/2024

Article 5 - Bankruptcy remoteness of covered bonds

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Article 5

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.

Official text · consolidated version 09/01/2024 (in force) Open full page ↗