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 ) .