+Article 68 Protection for structured finance arrangements and covered bonds
---+Article 68 (a)
---+Article 68 (b)
---+Article 68 2

Article 68 Protection for structured finance arrangements and covered bonds

The resolution authority shall ensure that the application of a resolution tool does not result in any of the following with respect to structured finance arrangements, including covered bonds:

1. Overview

Summary	Regulation
Article 68 (a)	the transfer of some, but not all, of the assets, rights and liabilities which constitute or form part of a structured finance arrangement to which the CCP under resolution is a party;
Article 68 (b)	the termination or modification through the use of ancillary powers of the assets, rights and liabilities which constitute or form part of a structured finance arrangement to which the CCP under resolution is a party.
Article 68 2	For the purposes of the first subparagraph, structured finance arrangements shall include securitisations and instruments used for hedging purposes which form an integral part of the cover pool and which according to national law are secured in a way similar to the covered bonds, which involve the granting and holding of security by a party to the arrangement or a trustee, agent or nominee.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

Builddate: 22.01.2021 00:00:00 -Doknr: CELEX:32021R0023
EULAW -
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