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Document 32009O0009
Guideline of the European Central Bank of 7 May 2009 amending Guideline ECB/2007/2 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2) (ECB/2009/9)
Guideline of the European Central Bank of 7 May 2009 amending Guideline ECB/2007/2 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2) (ECB/2009/9)
Guideline of the European Central Bank of 7 May 2009 amending Guideline ECB/2007/2 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2) (ECB/2009/9)
OJ L 123, 19.5.2009, p. 94–98
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 31/12/2012; Repealed by 32012O0027
19.5.2009 |
EN |
Official Journal of the European Union |
L 123/94 |
GUIDELINE OF THE EUROPEAN CENTRAL BANK
of 7 May 2009
amending Guideline ECB/2007/2 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2)
(ECB/2009/9)
(2009/390/EC)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty establishing the European Community, and in particular to the first and fourth indents of Article 105(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 3.1 and Articles 17, 18 and 22 thereof,
Whereas:
(1) |
The Governing Council of the European Central Bank (ECB) adopted Guideline ECB/2007/2 of 26 April 2007 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2) (1) governing TARGET2 which is characterised by a single technical platform called the Single Shared Platform (SSP). |
(2) |
Amendments should be made to Guideline ECB/2007/2: (a) in view of the new release of the SSP and the need to define the newly introduced cross-system settlement; and (b) to allow access to TARGET2 by publicly-owned credit institutions which, in view of their specific institutional nature under Community law, are subject to scrutiny of a standard comparable to supervision by competent national authorities, |
HAS ADOPTED THIS GUIDELINE:
Article 1
Annexes II, III and IV to Guideline ECB/2007/2 are amended in accordance with the Annex to this Guideline.
Article 2
Entry into force
1. This Guideline shall enter into force on 8 May 2009.
2. Article 1 shall apply from 11 May 2009.
Article 3
Addressees and implementing measures
1. This Guideline applies to all Eurosystem central banks.
2. The national central banks of the Member States that have adopted the euro shall by 11 May 2009 send to the ECB the measures by which they intend to comply with this Guideline.
Done at Frankfurt am Main, 7 May 2009.
For the Governing Council of the ECB
The President of the ECB
Jean-Claude TRICHET
ANNEX
1.
Annex II to Guideline ECB/2007/2 is amended as follows:The definition of ‘credit institution’ in Article 1 is replaced by the following:
‘— |
“credit institution” means either: (a) a credit institution within the meaning of [insert national law provisions implementing Article 4(1)(a) and, if relevant, Article 2 of the Banking Directive] that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 101(2) of the Treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority.’ |
2.
Annex III to Guideline ECB/2007/2 is amended as follows:The definition of ‘credit institution’ in the list of definitions contained in this Annex is replaced by the following:
‘— |
“credit institution” means either: (a) a credit institution within the meaning of Articles 2 and 4(1)(a) of the Banking Directive, as implemented in national law, that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 101(2) of the Treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority.’ |
3.
Annex IV to Guideline ECB/2007/2 is amended as follows:
1. |
In paragraph 1, the following definitions are added:
|
2. |
The following paragraph 3(7) is added:
|
3. |
Paragraph 4(3) is replaced by the following:
|
4. |
Paragraph 6(1)(f) is replaced by the following:
|
5. |
Paragraph 8(5) is replaced by the following:
|
6. |
Paragraph 14 is replaced by the following: ‘14. Settlement procedure 6 — Dedicated liquidity and cross-system settlement
(A) Interfaced model
(B) Integrated model
|