Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU (Text with EEA relevance) TITLE V — AMENDMENTS TO OTHER DIRECTIVES

Article 28–Article 29・2 provisions

Amendment to Directive 2009/65/EC

Article 28

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 ) . ( *1 ) Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU (OJ L 328, 18.12.2019, p. 29).’;" (2) the third subparagraph is deleted.

Amendment to Directive 2014/59/EU

Article 29

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;

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