; (B) the applicable covered bond regulator; (C) the applicable indenture trustee; (D) the applicable covered bondholders; and (E) the applicable independent asset monitor. (4) Independent asset monitor (A) Appointment Each issuer of covered bonds shall appoint the indenture trustee for the covered bonds, or another unaffiliated entity, as an independent asset monitor for the applicable cover pool. (B) Duties An independent asset monitor appointed under subparagraph (A) shall, on an annual or other more frequent periodic basis determined by the Secretary under the oversight program— (i) verify whether the cover pool meets the applicable minimum over-collateralization requirements