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An eligible issuer may have 1 or more covered bond programs.
The covered bond regulator may approve a covered bond program that is already in existence, and upon such approval, all covered bonds under such covered bond program shall be subject to this Act regardless of when the covered bonds are issued.(B) .—Under the oversight program, the covered bond regulator shall maintain a registry on a Web site available to the public containing the name of each approved covered bond program and information on all outstanding covered bonds issued under each approved covered bond program.(4) .—The covered bond regulator shall levy fees on issuers of covered bonds in an amount, in the aggregate, equal to the costs of the covered bond regulator in carrying out the provisions of this Act.
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