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Document 32015D0031
Decision (EU) 2015/1613 of the European Central Bank of 10 September 2015 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2015/31)
Decision (EU) 2015/1613 of the European Central Bank of 10 September 2015 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2015/31)
Decision (EU) 2015/1613 of the European Central Bank of 10 September 2015 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2015/31)
OJ L 249, 25.9.2015, p. 28–29
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
25.9.2015 |
EN |
Official Journal of the European Union |
L 249/28 |
DECISION (EU) 2015/1613 OF THE EUROPEAN CENTRAL BANK
of 10 September 2015
amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2015/31)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular the first indent of Article 127(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular to the second subparagraph of Article 12.1 in conjunction with the first indent of Article 3.1, and Article 18.1 thereof,
Whereas:
(1) |
On 4 September 2014, the Governing Council decided that a new asset-backed securities purchase programme (ABSPP) should be initiated. On 2 October 2014, the Governing Council announced the details of the ABSPP and decided that the eligibility criteria for guaranteed mezzanine tranches of asset-backed securities (ABS) would be communicated at a later stage. |
(2) |
On 18 March 2015, the Governing Council decided that mezzanine tranches of ABS would be considered for purchase under the ABSPP if such mezzanine tranches are secured by an appropriate guarantee that complies with the Eurosystem collateral framework criteria. Decision ECB/2014/45 (1) concerns the implementation of the ABSPP and it is necessary for this Decision to be updated to reflect these changes. |
(3) |
Therefore, Decision ECB/2014/45 should be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Amendments
Decision ECB/2014/45 is amended as follows:
1. |
in Article 2, point (2) is replaced by the following:
(2) Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) (OJ L 91, 2.4.2015, p. 3).’;" |
2. |
in Article 2, the following point (9) is added:
|
Article 2
Entry into force
This Decision shall enter into force on the twentieth day following its publication in the Official Journal of the European Union.
Done at Frankfurt am Main, 10 September 2015.
The President of the ECB
Mario DRAGHI
(1) Decision (EU) 2015/5 of the European Central Bank of 19 November 2014 on the implementation of the asset-backed securities purchase programme (ECB/2014/45) (OJ L 1, 6.1.2015, p. 4).