Article 3, Paragraph 3., Point (d) · Decision (EU) 2020/187

Contents

1. Covered bonds shall be eligible for outright purchase unde…
2. Multi cédulas shall be eligible for outright purchase unde…
3. The covered bonds and multi cédulas referred to in paragra…1 change

(d)Covered bonds issued by credit institutions whose access to Eurosystem monetary policy operations has been limited, suspended or excluded pursuant to Guideline (EU) 2015/510 (ECB/2014/60) shall be automatically excluded from purchases under the CBPP3 for the duration of the limitation, suspension or exclusion. By derogation from the first sentence of this point (d), the Governing Council shall retain its power, following a case-by-case assessment, to reassess the exclusion of covered bonds issued by a credit institution whose access to Eurosystem monetary policy operations has been limited, suspended or excluded pursuant to Guideline (EU) 2015/510 (ECB/2014/60) and to revoke the exclusion, if deemed appropriate.

Decision (EU) 2020/187

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