+TITLE V AMENDMENTS TO OTHER DIRECTIVES
---+Article 28 Amendment to Directive 2009/65/EC
---+Article 29 Amendment to Directive 2014/59/EU

TITLE V AMENDMENTS TO OTHER DIRECTIVES

1. Overview

Article 28 Amendment to Directive 2009/65/EC

Article 28

Amendment to Directive 2009/65/EC

Article 52(4) of Directive 2009/65/EC is amended as follows:

(1)

the first subparagraph is replaced by the following:

‘4.

Member States may raise the 5 % limit laid down in the first subparagraph of paragraph 1 to a maximum of 25 % where bonds were issued before 8 July 2022 and met the requirements set out in this paragraph as applicable on the date of their issue, or where bonds fall under the definition of covered bonds in point (1) of Article 3 of Directive (EU) 2019/2162 of the European Parliament and of the Council ( *1 ).

(2)

the third subparagraph is deleted.

Article 29 Amendment to Directive 2014/59/EU

Article 29

Amendment to Directive 2014/59/EU

In Article 2(1) of Directive 2014/59/EU, point 96 is replaced by the following:

‘(96)

“covered bond” means a covered bond as defined in point (1) of Article 3 of Directive (EU) 2019/2162 of the European Parliament and of the Council ( *2 ) or, with regard to an instrument that was issued before 8 July 2022, a bond as referred to in Article 52(4) of Directive 2009/65/EC of the European Parliament and of the Council ( *3 ), as applicable on the date of its issue;

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

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