On March 29, 2022, the Covered Bonds Act was promulgated.

The main objectives of the Covered Bond Act are to create favorable conditions for covered bond markets, expand the circle of investors and attract those from third countries, protect them, stimulate investment and facilitate the use of covered bonds by credit institutions.

With this issue, we present a summary of the forthcoming amendments that will occur upon the entry into force of the Covered Bonds Act, as well as the possible impact of its provisions on the persons who will be affected by them.

If you have any questions, please do not hesitate to contact your attorney from the Stoychev & Stoycheva’s team of professionals.