This document is an excerpt from the EUR-Lex website
Document 32019D0032
Decision (EU) 2019/1848 of the European Central Bank of 29 October 2019 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2019/32)
Decision (EU) 2019/1848 of the European Central Bank of 29 October 2019 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2019/32)
Decision (EU) 2019/1848 of the European Central Bank of 29 October 2019 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2019/32)
OJ L 283, 5.11.2019, p. 57–63
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 19/03/2023; Implicitly repealed by 32022D0911
5.11.2019 |
EN |
Official Journal of the European Union |
L 283/57 |
DECISION (EU) 2019/1848 OF THE EUROPEAN CENTRAL BANK
of 29 October 2019
amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2019/32)
THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular the first and fourth indents of Article 127(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 11.6 and Articles 17, 22 and 23 thereof,
Whereas:
(1) |
On 4 October 2019, the Governing Council amended (1) Guideline ECB/2012/27 (2), in order to: (a) introduce a new SSP functionality, enabling the processing of very critical and critical payments in a contingency, to which Eurosystem central banks must adhere; (b) clarify the conditions under which investment firms may participate in TARGET2, including the requirement for a legal opinion regarding investment firms established outside the European Economic Area (EEA) and applying for direct participation in a TARGET2 component system; (c) clarify that participants in TARGET2 component systems must adhere to the TARGET2 self-certification requirement and to the endpoint security requirements of TARGET2 network service providers, and inform the relevant Eurosystem central bank of any crisis prevention or management measures to which they are subject; and (d) clarify and update certain other aspects of Guideline ECB/2012/27. |
(2) |
Amendments made to Guideline ECB/2012/27 which affect the terms and conditions of TARGET2-ECB should be reflected in Decision ECB/2007/7 (3). |
(3) |
Therefore, Decision ECB/2007/7 should be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Amendments
Annexes I, II and III to Decision ECB/2007/7 are amended in accordance with the Annex to this Decision.
Article 2
Final provisions
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from 17 November 2019.
Done at Frankfurt am Main, 29 October 2019.
The President of the ECB
Mario DRAGHI
(1) Guideline (EU) 2019/… of 4 October 2019 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2019/30) (see page XX of this Official Journal).
(2) Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).
(3) Decision ECB/2007/7 of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (OJ L 237, 8.9.2007, p. 71).
ANNEX
Annexes I, II and III to Decision ECB/2007/7 are amended as follows:
1. |
Annex I is amended as follows:
|
2. |
Annex II is amended as follows:
|
3. |
Annex III is amended as follows:
|
(*1) Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).’;’