ECB/2015/25 · GlobalLawDB

Contents

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 33 thereof,Whereas:

(1)Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10)^note establishes a secondary markets public sector asset purchase programme (hereinafter the ‘PSPP’). Provision needs to be made for the interim distribution of the ECB's income from the PSPP in Decision (EU) 2015/298 of the European Central Bank (ECB/2014/57)^note.

(2)Therefore, Decision (EU) 2015/298 (ECB/2014/57) should be amended accordingly,

HAS ADOPTED THIS DECISION:

Article 1Amendment#

Point (d) of Article 1 of Decision (EU) 2015/298 (ECB/2014/57) is replaced by the following:‘(d)“ECB's income arising from securities” means the net income arising from purchases by the ECB of securities: (i) under the SMP in accordance with Decision ECB/2010/5; (ii) under the CBPP3 in accordance with Decision ECB/2014/40; (iii) under the ABSPP in accordance with Decision ECB/2014/45; and (iv) under the secondary markets public sector asset purchase programme (PSPP) in accordance with Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10)^note.

Article 2Entry into force#

This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Decision (EU) 2015/1195 (ECB/2015/25)

Article 1Amendment#

Article 2Entry into force#

History · 2 versions

Key facts

Article 1Amendment#

Article 2Entry into force#