Article 1 Amendments

Decision (EU) 2016/810 (ECB/2016/10) is amended as follows:

1. 1..

   in Article 3(6)(b), point (i) is replaced by the following:

   ‘(i)

   the lead institution applies to its NCB for recognition of the change in the TLTRO-II group's composition in accordance with the indicative calendar for TLTROs-II published on the ECB's website;’;

2. 2..

   in Article 3(7), point (a) is replaced by the following:

   ‘(a)

   in respect of the changes to which paragraph 5, paragraph 6(b) or paragraph 6(c) applies, the lead institution may participate in a TLTRO-II on the basis of the new composition of its TLTRO-II group only after it has obtained confirmation from its NCB that the new composition of the TLTRO-II group has been recognised; and’.