# Decision of the European Central Bank of 14 November 2008 on the implementation of Regulation ECB/2008/11 of 23 October 2008 on temporary changes to the rules relating to eligibility of collateral (ECB/2008/15) (2008/874/EC), Article 6: Submission by the counterparty of a diligence letter from external legal counsel

Extent: E+W+S+N.I.

Before mobilisation of syndicated loans, counterparties shall deliver to the relevant NCB a diligence letter from external legal counsel addressing, in a manner and form satisfactory to the Eurosystem, certain diligence issues, as these may be elaborated on from time to time by the ECB and published on its website.

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Source: https://www.legislation.gov.uk/eudn/2008/15/article/6 (the official version)
Page: https://openlegislation.uk/eu-decision-2008-15/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.