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Financial statements in respect of designated mortgage credit institution.
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40.—(1) If a designated mortgage credit institution has a parent entity, the entity shall include the following information in its annual consolidated financial statement or in a document accompanying the statement—
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(a) the name of the institution and any other particulars required by the regulations with respect to the institution,
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(b) the total amounts of principal outstanding in respect of the mortgage covered securities issued by the institution,
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(c) the total amounts of principal outstanding in respect of the cover assets pools that relate to those securities,
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(d) any other particulars prescribed by the regulations for the purposes of this subsection.
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(2) A designated mortgage credit institution shall include the following information in its annual financial statement, or in a document accompanying the statement, in respect of mortgage credit assets that are recorded in the institution's register of mortgage covered securities business:
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(a) the number of mortgage credit assets, as at the date to which the statement is made up, with the amounts of principal outstanding in respect of the related credits being specified in tranches of—
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(i) €100,000 (£78,756.40) or less,
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(ii) more than €100,000 (£78,756.40) but not more than €200,000 (£157,512.80),
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(iii) more than €200,000 (£157,512.80) but not more than €500,000 (£393,782), and
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(iv) more than €500,000 (£393,782);
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(b) the geographical areas in which the related property assets are located, and the number and percentage of those assets held in each of those areas;
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(c) whether or not any persons who owe money under mortgage credit assets have defaulted in making payments in respect of those assets when due and payable, and if they have—
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(i) the number of those assets as at that date, and
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(ii) the total amount of principal outstanding in respect of those assets at that date;
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(d) whether or not any persons who owed money under mortgage credit assets had, during the immediately preceding financial year of the institution (if any), defaulted in making payments in respect of those assets in excess of €1,000 (£787.56) at any time during that year, and if any such persons had defaulted, the number of those assets that were held in the cover assets pool at the date to which the financial statement for that year was made up;
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(e) the number of cases in which the institution has replaced mortgage credit assets with other assets because those mortgage credit assets were non-performing;
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(f) the total amount of interest in arrears in respect of mortgage credit assets that has not been written off at that date;
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(g) the total amount of payments of principal repaid and the total amount of interest paid in respect of mortgage credit assets;
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(h) in relation to any related mortgage credits that are secured on commercial property, the number and the total amounts of principal of those credits that are outstanding at that date; and
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(i) any other information prescribed by the regulations for the purposes of this subsection.
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