RCB Sch 2 Notification requirements

RCB 3.2.1 D

Confirmation of compliance by issuer.

Senior manager to confirm compliance with Regulations 16 and 17 of the RCB Regulations. Use Form RCB 2 Ann 1D.

The earlier of a date which the issuer selects, or 12 months from the registration date, then annually after that.

One month after the relevant confirmation date.

RCB 3.3.1 D and RCB 3.3.3 D

Information relating to the asset pool and information relating to the regulated covered bonds issued under the programme2

Information on various attributes of the asset pool and issued regulated covered bonds.2 Use Forms2 RCB 3 Ann 2D and RCB 3 Annex 3 D.2

Monthly (in relation to the information in Form RCB 3 Annex 2 D) or quarterly (in relation to the information in Form RCB 3 Annex 3 D) 2 following registration date.

One month after the end of the relevant month or 2quarter.

RCB 3.2.10 D

Confirmation of compliance by owner

Owner to confirm compliance with Regulations 16 and 17 of the RCB Regulations Use Form RCB 2 Ann 1D.

(1) when the issuer goes into insolvency

(2) the anniversary date of the date the issuer sent annual confirmations

(1) Within one month of issuer's insolvency.

(2) One month after the relevant confirmation date.2

2RCB 3.3.2A D

Information about loans relating to the asset pool

Loan-by-loan level data relating to the asset pool. Use Form RCB 3 Annex 7A D.

End of each quarter following registration date following any issuance of regulated covered bonds after 1 January 2013.

One month after the end of the relevant quarter.2

2RCB 3.3.5 D

Addition or removal of assets to or from the asset pool

Details of the size and composition of the transfer. Use Form RCB 3 Annex 2 D.

Addition or removal of assets from the asset pool which change the over-collateralisation level by 5% or more.

5 business days before the proposed transfer.

RCB 3.4.1 D

Covered bond issuance

Information on the covered bond issuance.2

Use Form 2RCB 3 Annex 4 D.2

Issuance of a regulated covered bond

3 business days 2 before date of issuance2

2RCB 3.4.2 D

Covered bond issuance

Information on the covered bond issuance. Use Form RCB 3 Annex 6 D, RCB 3 Annex 3 D and the final terms of the regulated covered bonds and signed copies of swap documents.

Issuance of a regulated covered bond

On date of issuance

RCB 3.5.2 D

Change of owner

At least:

(1) name, address and contact details of proposed new owner.

(2) proposed transfer date and reasons for transfer

(3) explanation of how proposed new owner will comply with requirements in RCB Regulations and in RCB.

(4) confirmation that existing owner and proposed new owner have obtained appropriate advice

Proposal to change owner

At least 3 months before proposed date of transfer

RCB 3.5.4 D

Material changes being any change that may affect the ability of the issuer or the owner to continue to comply with the requirements made on them under the RCB Regulations and RCB

At least:

(1) details of the proposed change including proposed date of change and the reasons for it

(2) an assessment of the impact of the change on the ability of the issuer and owner to continue to comply with the requirements in RCB Regulations and in RCB.

(3) confirmation that issuer has obtained appropriate advice

Proposal to make material change

At least 3 months before proposed date of change

RCB 3.5.6 D

Capability of asset pool to meet bondholder claims

(1) fact that the asset pool is not capable or not likely to be capable of covering claims.

(2) proposals to rectify the breach

(1) and (2) As soon as Regulations 18(2) or 24(1)(c) of the RCB Regulations is triggered

(1) Immediately

(2) upon notification of breach or as soon as practicable after that time.

RCB 3.5.7 D

(1) That the requirements in the RCB Regulations and RCB are, or are likely to be materially breached, or

(2) of any other matter which the FCA3 should be made aware of.

(1) fact of breach or likely breach

(2) details of matter

Material breach, or likely material breach. As soon as issuer or owner becomes aware of matter.

Immediately2

2RCB 3.5.9 D

Cancellation

Notice of cancellation of a regulated covered bond or programme

Proposal to cancel a regulated covered bond or programme in part or in full.

3 business days before cancellation will take effect.

2RCB 3.5.10 D

Cancellation

Information on the cancellation of a regulated covered bond or programme and updated asset and liability profile form. Use Forms RCB 3 Annex 6 D and RCB 3 Annex 3 D.

Cancellation of a regulated covered bond or programme.

On date of cancellation of the a regulated covered bond or programme.