# Decision (EU) 2020/441 of the European Central Bank of 24 March 2020 amending Decision (EU) 2016/948 of the European Central Bank on the implementation of the corporate sector purchase programme (ECB/2020/18), Article 1: Amendment

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

In Article 2 of Decision (EU) 2016/948 (ECB/2016/16), point 2 is replaced by the following:
‘2. If a marketable debt instrument has an initial maturity of 365/366 days or less, the minimum remaining maturity shall be 28 days at the time of its purchase by the relevant Eurosystem central bank.
If a marketable debt instrument has an initial maturity of 367 days or more, the minimum remaining maturity shall be 6 months and the maximum remaining maturity shall be 30 years and 364 days at the time of its purchase by the relevant Eurosystem central bank’.

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Source: https://www.legislation.gov.uk/eudn/2020/441/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2020-441/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.