# Decision (EU) 2017/103 of the European Central Bank of 11 January 2017 amending Decision (EU) 2016/948 on the implementation of the corporate sector purchase programme (ECB/2017/4), Article 1: Amendment

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

In Article 2 of Decision (EU) 2016/948 (ECB/2016/16), point 5 is replaced by the following:
‘5. Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) equal to or above the deposit facility rate are permitted. Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) below the deposit facility rate are permitted to the extent necessary.’.

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Source: https://www.legislation.gov.uk/eudn/2017/4/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2017-4/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.