18 December 2019
On 18 December 2019, the legislative package on Covered Bonds (Directive (EU) 2019/2162 and Regulation (EU) 2019/2160) was published in the Official Journal of the European Union. The English versions of the texts can be accessed here: Directive and Regulation (versions in the other 23 official languages of the EU can be found via the links above).
As such, the two pieces of legislation will enter into force on the 20th day following the publication. Concretely, this implies that the Directive will enter into force on Tuesday 7 January 2020, the national transposition period will last until 8 July 2021 and national measures shall be applied starting at the latest from 8 July 2022 (Directive Art 32). With regards to the Regulation, this will also enter into force on 7 January 2020, but it will apply only from 8 July 2022 (Regulation Art 2), in parallel with the deadline for the national measures of the Directive.
Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry on the retail side of the business, representing the interests of mortgage lenders at European level.
