Decision (EU) 2017/1361 of the European Central Bank of 18 May 2017 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2017/15)

Decision (EU) 2017/1361 · Decision · 2 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Amendment

Article 1

In Article 2 of Decision (EU) 2015/5 (ECB/2014/45), the following point (11) is added: ‘(11) The entity which has originated or established the ABS is not an entity, whether publicly or privately owned, that: (a) has as its main purpose the gradual divestment of its assets and the cessation of its business; or (b) is an asset management or divestment entity established to support financial sector restructuring and/or resolution, including asset management vehicles resulting from a resolution action in the form of the application of an asset separation tool pursuant to Article 26 of Regulation (EU) No 806/2014 of the European Parliament and of the Council ( *1 ) or national legislation implementing Article 42 of Directive 2014/59/EU of the European Parliament and of the Council ( *2 ) .

Entry into force

Article 2

This Decision shall enter into force on 21 July 2017.

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Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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