The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

October 2007


Response to HM Treasury/FSA consultation paper on proposals for a UK recognised covered bonds legislative framework

The Exchange has responded to the joint consultation from HM Treasury and the FSA on proposals to develop a legislative framework for the issuance of covered bonds in the UK. The consultation paper discusses the rationale for the proposed legislative framework, its outline and an associated regulatory impasct assessment. It also sets out how the FSA would go about implementing the framework and the draft Statutory Instrument. The Exchange supports the broad proposals and believes they would be of value to both issuers and investors. The Exchange recommends in its response that the regime be extended to non-UK issuers, subject to it being properly enforceable, and that a requirement be in place that covered bonds be listed in order to enhance the level of protection and transparency for investors.

Downloads
Response to FSA and HMT - Covered bonds (pdffile pdf - 50 KB)

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds