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.’.