The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Debt market round up: UK joins the Ucits party

The UK Treasury has presented its proposals for a covered bonds legislative framework. The UK’s unregulated, structured covered bond market is the largest in the world of its type but suffers alongside regulated markets such as those in Spain and France through not being compliant with the Ucits directive. The new proposals, when implemented, will do away with this disparity, halving the risk weighting of UK covered bonds to 5%.

There now follows a three-month consultation period, after which the Treasury will present the final regulations to parliament, in time for implementation of the new regime on January 1 2008. The regulated covered bonds will be known imaginatively as UK recognized covered bonds.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree