(1) Subject to the other provisions of this Chapter, a designated public credit institution -
(a) may include any public credit asset or substitution asset located within an EEA country or category A country in the cover assets pool maintained by the institution,
(b) shall not include a public credit asset or substitution asset located only within a category B country in the cover assets pool maintained by the institution.
(1A) Where a designated public credit institution includes in a cover assets pool a public credit asset or substitution asset that is located within one or more category A countries, it shall -
(a) verify that the asset complies with this section and sections 58A and 58C,
(b) ensure that the asset offers a level of security similar to that of collateral assets located in the European Union, and
(c) ensure that the realisation of the asset is legally enforceable in a way which is equivalent in effect to the realisation of collateral assets located in the European Unio
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