# Decision (EU) 2016/1974 of the European Central Bank of 31 October 2016 amending Decision (EU) 2016/810 (ECB/2016/10) on a second series of targeted longer-term refinancing operations (ECB/2016/30), Article 1: Amendments

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

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

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Source: https://www.legislation.gov.uk/eudn/2016/30/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2016-30/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.