# Decision (EU) 2017/1361 of the European Central Bank of 18 May 2017 amending Decision (EU) 2015/5 on the implementation of the asset-backed securities purchase programme (ECB/2017/15), Article 1: Amendment

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

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 or national legislation implementing Article 42 of Directive 2014/59/EU of the European Parliament and of the Council.’.

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Source: https://www.legislation.gov.uk/eudn/2017/15/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2017-15/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.