The Governing Council of the ECB decided to increase the proportion of purchases by national central banks rather than external managers in the Asset-Backed Securities Purchase Programme, as announced when the programme was first launched. As of 27 October 2015, the French and Belgian Central Banks will both act as Eurosystem asset managers executing purchases. In addition, the ECB has decided to extend the contracts of two of its external executing asset managers. The executing asset managers will continue to conduct eligible ABS purchase transactions on explicit instructions from, and on behalf of the Eurosystem. The Eurosystem will maintain its role in undertaking price checks and due diligence prior to approving transactions.