2014/533/EU: Decision of the European Central Bank of 13 August 2014 on the identification of TARGET2 as a systemically important payment system pursuant to Regulation (EU) No 795/2014 on oversight requirements for systemically important payment systems (ECB/2014/35)

CELEX: 32014D0035(01)
Document type: DEC
Sector: Legislation
Date of document: 2014-08-13
In force since: 2014-08-20
Status: In force
ELI: http://data.europa.eu/eli/dec/2014/533/oj

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Article 1 Definitions

Terms used in this Decision have the same meaning as those in Regulation (EU) No 795/2014 (ECB/2014/28).

Article 2 Identification of SIPS and SIPS operator

1 TARGET2 component systems fulfilling the criterion of Article 1(3)(a) of Regulation (EU) No 795/2014 (ECB/2014/28) shall collectively be identified as a systemically important payment system for the purposes of Regulation (EU) No 795/2014 (ECB/2014/28).

2 Operators of the TARGET2 component systems referred to in paragraph 1 shall ensure compliance with the requirements set out in Articles 3 to 21 of Regulation (EU) No 795/2014 (ECB/2014/28).

Article 3 Competent authority

The ECB shall be the competent authority for the oversight of TARGET2.

Article 4 Entry into force

This Decision shall enter into force on the day of its publication in the Official Journal of the European Union.

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