Amendment 2010

The 2010 amendment of the Pfandbrief Act will further improve Pfandbrief quality.

The primary objective of this amendment is to further strengthen the legal position of the cover pool administrator to give him easier access to liquidity facilities. It is also intended to further develop the regulations governing the cooperation between the cover pool monitor and the Pfandbrief Bank, and to provide for a limitation of liability along the lines of the arrangement for public auditors. Finally, yet another change was made in connection with the transparency requirements under § 28 of the Pfandbrief Act.

For further information see vdp's chapter on the Pfandbrief Act's amendment 2010 in German language.

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