in force 2021-06-28 INSERTED+659 −0§
Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 506a has been added, requiring the Commission, working closely with the ESRB and EBA, to publish a report by 31 December 2021 assessing whether the regulatory framework needs changes to promote the market for, and bank purchases of, units or shares in CIUs holding only euro area sovereign bonds weighted according to each Member State's capital contribution to the ECB.
Cited: Art. 506a, v2
text before / after
inserted text (02013R0575-20210629)
Article 506a CIUs with an underlying portfolio of euro area sovereign bonds In close cooperation with the ESRB and EBA, the Commission shall publish a report by 31 December 2021 in which it shall assess whether changes to the regulatory framework are needed to promote the market for, and bank purchases of, exposures in the form of units or shares in CIUs with an underlying portfolio consisting exclusively of sovereign bonds of Member States whose currency is the euro, where the relative weight of each Member States’ sovereign bonds in the total portfolio of the CIU is equal to the relative weight of each Member States’ capital contribution to the ECB.