108. Transitional provisions for asset covered securities issued before 8 July 2022.

(1) The amendments to this Act effected by the following provisions of the European Union (Covered Bonds) Regulations 2021 (S.I. No. 576 of 2021) shall not apply in respect of asset covered securities which are issued before 8 July 2022 and which meet the criteria for bonds under Regulation 70(3)(a) of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) as it applied on the date of their issue:

(a) Regulation 4;

(b) Regulation 5;

(c) Regulation 10;

(d) Regulation 11;

(e) Regulation 12;

(f) Regulation 13;

(g) Regulation 14;

(h) Regulation 15;

(i) Regulation 16;

(j) Regulation 19;

(k) Regulation 20;

(l) Regulation 21;

(m) Regulation 22;

(n) Regulation 23;

(o) Regulation 24;

(p) Regulation 25(a) and (b);

(q) Regulation 26(b);

(r) Regulation 29;

(s) Regulation 30 (other than in so far as it provides for the insertion of sections 58C(2) and 58D);

(t) Regulation 36;

(u) Regulation 38.

(2) A designated credit ins

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