On Thursday 19 July, the Belgian Parliament approved the covered bonds legislation.
No amendments were made compared to the draft we discussed in our Finance e-bulletin 2012/04.
The entry into force now only requires the publication in the Belgian State Gazette. We will publish a further newsflash once the timing of the publication is known. Additionally, a Royal Decree determining, among others, the eligibility and valuation criteria for the cover assets is being finalised and is expected to be approved shortly after the summer recess.