The issuer must send to the FSA annual written confirmation of compliance with Regulations 16 (sums derived from the issue of regulated covered bonds) and 17 (general requirements on the issuer in relation to the asset pool) of the RCB Regulations in the form set out in RCB 3 Annex 1D (annual confirmation of compliance).

Before providing the confirmation required by this section, the issuer must obtain and consider written advice or reports from suitable independent third party advisers such as accountants and, where appropriate, lawyers.

1. (1)

   The first confirmation date in relation to the annual confirmation must be the earlier of any date the issuer selects, or the date 12 months from the registration date.

2. (2)

   Subsequent confirmations must be made on the anniversary of the first confirmation date.

The issuer must send each confirmation to the FSA within one month after the relevant confirmation date.

The first confirmation must cover compliance during the period from the registration date up to the confirmation date referred to in RCB 3.2.5 D (1).

Subsequent confirmations must cover compliance for the period from the last confirmation date to the date of the current confirmation.

The issuer must ensure that a senior manager signs the annual confirmation and confirms on the FSA's form that the issuer has obtained the appropriate third party advice or reports required by this section.

If the issuer is in insolvency, the owner must send the FSA under RCB 3.2.1 D:

1. (1)

   a confirmation of compliance within one month of the date of insolvency; and

2. (2)

   annual confirmations by the same dates as the date the confirmations under RCB 3.2.5 D are due.

1. (1)

   The owner must ensure that a duly authorised representative signs the confirmation and confirms on the FSA's form that the owner has obtained the appropriate third party advice or reports required by this section.

2. (2)

   The owner must obtain appropriate advice in the same manner as set out in RCB 3.2.2 D.

The issuer must send to the FSA, information relating to the asset pool, in the form set out in RCB 3 Annex 2D (asset notification form).

The issuer must send the form to the FSA within one month of the end of each quarter following the registration date.

If the issuer is in insolvency, the owner must send to the FSA the asset pool notifications set out at RCB 3.3.1 D by the same dates as the dates the notifications under those directions are due.

The issuer must inform the FSA of the information relating to bond issuances from a regulated covered bond in the form set out in RCB 3 Annex 3D (series notification form) on or before the date of issuance.

If an owner proposes to transfer the asset pool to a new owner it must provide the FSA as a minimum with the following information in writing at least three months before the proposed transfer date:

1. (1)

   name, address and contact details of the proposed new owner;

2. (2)

   proposed transfer date and reasons for the transfer;

3. (3)

   an explanation of how the proposed new owner will comply with the requirements imposed on it by the RCB Regulations and RCB; and

4. (4)

   confirmation that the existing owner and the proposed new owner have obtained appropriate advice in relation to the proposed transfer, and details of such advice.

If an issuer proposes to make a material change to the contractual terms of a regulated covered bond, it must inform the FSA of the following information to the FSA at least 3 months before the proposed date of the change:

1. (1)

   details of the proposed change including proposed date of change and the reasons for it;

2. (2)

   an assessment of the impact of the change on the ability of the issuer and owner to continue to comply with their requirements under the RCB Regulations and RCB; and

3. (3)

   confirmation that the issuer has obtained appropriate advice in relation to the proposed change and details of such advice.

The issuer or the owner, as the case may be, must notify the FSA immediately, in writing by e-mail or hand-delivered letter, if Regulation 18(2), or 24(1)(c) of the RCB Regulations (obligation to inform FSA if asset pool not capable, or not likely to be capable of covering claims) is triggered.

The issuer or the owner, as the case may be, must notify the FSA immediately in writing by e-mail, or hand-delivered letter, if requirements relating to the relevant regulated covered bond under the RCB Regulations or RCB are, or are likely to be, materially breached, or of any other matter which the FSA should be made aware of.

Unless otherwise stated, the issuer or the owner, as the case may be, must send the relevant forms and information to the FSA's address marked for the attention of the "Covered Bonds Team, Capital Markets Sector" by any of the following methods:

1. (1)

   post; or

2. (2)

   leaving it at the FSA's address and obtaining a time-stamped receipt; or

3. (3)

   e-mail to rcb@fsa.gov.uk.

This annex consists only of one or more forms. Forms are to be found through the following address:

Annual confirmation of compliance with the RCB Regulations and the RCB Sourcebook - rcb3_annex_1d.doc1

This annex consists only of one or more forms. Forms are to be found through the following address:

Asset pool notification form - rcb3_annex_2d.doc1

This annex consists only of one or more forms. Forms are to be found through the following address:

Series issuance notification form - rcb3_annex_3d.xls