Decision (EU) 2025/1241 of the European Central Bank of 11 June 2025 amending Decision (EU) 2020/440 on a temporary pandemic emergency purchase programme (ECB/2020/17) (ECB/2025/21)
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 7 of Decision (EU) 2020/440 (ECB/2020/17) is replaced by the following: ‘Article 7 Securities lending Except for securities that no longer meet the credit quality requirements for securities purchased under the corporate sector purchase programme or the third covered bond purchase programme, the Eurosystem shall make securities purchased under the PEPP available for lending, including repos, with a view to ensuring the effectiveness of the PEPP.’
Entry into force
This Decision shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union .
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.