Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) Amendments to the Decision on the third series of targeted longer-term refinancing operations On 30 April 2021 the Governing Council adopted Decision (EU) 2021/752 (ECB/2021/21) amending Decision (EU) 2019/1311 on a third series of targeted longer-term refinancing operations (TLTRO-III Decision). The changes introduced (i) amend the sanctioning regime in case required reports and audits are not provided by TLTRO-III participants in time, (ii) include provisions regarding the treatment of corporate reorganisations occurring after 31 March 2021 for the purpose of calculating TLTRO-III interest rates, and (iii) and contain some clarifications deemed necessary for legal certainty. The unofficial consolidated version of the TLTRO-III Decision and the revised TLTRO-III indicative calendar are available on the ECB’s website.